Similar Search Results

The Effects of Social Security Reforms on Retirement Ages and RetirementIncomes

Fields, Gary S. - 1984

pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early … retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of …

Persistent link: https://www.econbiz.de/10012477744

Pension Reform in Germany : The Impact on Retirement Decisions

Borsch-Supan, Axel - 2003

The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age …'. Our simulations show that the early-retirement pension adjustment factors introduced by the 1992 pension reform will, in …. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper …

Persistent link: https://www.econbiz.de/10012468783

Fiscal Stimulus and Fiscal Sustainability

Auerbach, Alan J. - 2017

The Great Recession and the Global Financial Crisis have left many developed countries with low interest rates and high levels of public debt, thus limiting the ability of policymakers to fight the next recession. Whether new fiscal stimulus programs would be jeopardized by these already heavy...

Persistent link: https://www.econbiz.de/10012453922

Public Debt Through the Ages

Eichengreen, Barry - 2019

We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...

Persistent link: https://www.econbiz.de/10012479450

The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy

Frenkel, Jacob A. - 1984

This paper analyses the effects of fiscal policies on rates of interest and wealth in the world economy. Uncertainty concerning the length of life yields an equilibrium in which private and social rates of discount differ and budget deficits exert real effects. It is shown that a current budget...

Persistent link: https://www.econbiz.de/10012477559

Debt and Deficits : Fiscal Analysis with Stationary Ratios

Campbell, John Y.; Gao, Can; Martin, Ian - National Bureau of Economic Research - 2023

We study cointegrating relationships among fiscal variables and output and use them to introduce a new measure of the government's fiscal position. In the US since World War II, we find that the primary surplus-GDP ratio and the government debt-GDP ratio are nonstationary, which invalidates...

Persistent link: https://www.econbiz.de/10014287325

Fiscal Rules and Discretion under Limited Enforcement

Halac, Marina - 2019

We study a fiscal policy model in which the government is present-biased towards public spending. Society chooses a fiscal rule to trade off the benefit of committing the government to not overspend against the benefit of granting it flexibility to react to privately observed shocks to the value...

Persistent link: https://www.econbiz.de/10012479419

Fiscal Rules and Discretion under Self-Enforcement

Halac, Marina - 2017

Persistent link: https://www.econbiz.de/10012453795

Fiscal Expansions and Fiscal Adjustments in OECD Countries

Alesina, Alberto - 1995

This paper considers budget expansions and adjustments in OECD countries in the last three decades. Our main results are: i) on average fiscal expansions are the results of increases in expenditures, particularly of transfer programs, while contractions are typically due to tax increases; ii)...

Persistent link: https://www.econbiz.de/10012473663

Debt, Deficits and Inflation : An Application to the Public Finances of India

Buiter, Willem H. - 1990

The paper studies the solvency of the Indian public sector and the eventual monetization and inflation implied by stabilization of the debt-GNP ratio without any changes in the primary deficit. The nonstationarity of the discounted public debt suggests that indefinite continuation of the pattern...

Persistent link: https://www.econbiz.de/10012475748

1
2
3
4
5
6
7
8
9
10
Next
Last