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Migration-Regime Liberalization and Social Security : Political-Economy Effect
Razin, Assaf - 2009
The pay-as-you-go social security system, increasingly burdened by dwindling labor force, can benefit from immigrants whose birth rates exceed those of the native born birth. The paper examines adynamic political-economy mechanism through which the social security system influences the young...
Persistent link: https://www.econbiz.de/10012463636
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Changing Progressivity as a Means of Risk Protection in Investment-Based Social Security
Samwick, Andrew A. - 2007
This paper analyzes changes in the progressivity of the Social Security benefit formula as a means of lessening the risk inherent in investment-based Social Security reform. Focusing on a single cohort of workers, it simulates the distribution of benefits subject to both earnings and financial...
Persistent link: https://www.econbiz.de/10012465595
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Old Europe ages : Reforms and Reform Backlashes
Boersch-Supan, Axel H. - 2010
The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but aging poses many other economic challenges that...
Persistent link: https://www.econbiz.de/10012462881
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Has Social Security Influenced Family Formation and Fertility in OECD Countries? An Economic and Econometric Analysis
Ehrlich, Isaac - 2007
There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than in OECD countries, some of which already face the prospect of population decline as well. While the trend is largely the result of structural economic and social changes, our...
Persistent link: https://www.econbiz.de/10012465787
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Entitlement Reforms in Europe : Policy Mixes in the Current Pension Reform Process
Börsch-Supan, Axel H. - 2012
Current costs are high, and the pressures will increase due to population aging and negative incentive effects. This paper focuses on the pension reform process in Europe. It links the causes for current problems to the cures required to make the pay-as-you-go entitlement programs in Continental...
Persistent link: https://www.econbiz.de/10012460651
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A Comparative Perspective on Long-Term Care Systems
Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2022
, Israel, Japan, the Netherlands, and South Korea …
Persistent link: https://www.econbiz.de/10013191046
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Aging, Saving, and Public Pensions in Japan
Horioka, Charles Yuji - 2007
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the … impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …
Persistent link: https://www.econbiz.de/10012465378
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Financing Consumption in an Aging Japan : The Role of Foreign Capital Inflows in Immigration
Dekle, Robert - 2004
, Japan will be importing only 8 percent of its output …
Persistent link: https://www.econbiz.de/10012467909
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The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy
Fehr, Hans - 2003
elderly in the U.S., the EU, and Japan will more than double. At the same time, the number of workers available to pay the … life-cycle model. The model has three regions the U.S. Japan which exchange goods and capital. The model features …
Persistent link: https://www.econbiz.de/10012468598
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Do Demographic Changes Affect Risk Premiums? Evidence from International Data
Ang, Andrew - 2003
century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for …
Persistent link: https://www.econbiz.de/10012469021