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productivity. To that purpose, we introduce politics in an OLG economy with endogenous growth due to human and physical capital … resources from education spending to retirement benefits and a slowdown of productivity growth. Calibrated to U.S. data, the … and the education share to fall. This effect depresses the annual productivity growth rate by 10 basis points. In spite of …
Persistent link: https://www.econbiz.de/10011430063
-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries …
Persistent link: https://www.econbiz.de/10011430059
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252
There is a rich literature analyzing the problems that will arise as the share of elderly and retired in the population increases in the near future. However, the locational decisions among the elderly as well as their implications in terms of taxes/transfers and of allocation of...
Persistent link: https://www.econbiz.de/10010321598
Knowledge about how elderly workers react to changes in pension benefits is important in guiding the design of social security systems. This paper contributes to this knowledge by examining the effect of changed replacement rates on part-time retirement behaviour in Sweden. During the 1980s,...
Persistent link: https://www.econbiz.de/10010321446
Influenced by a major tax reform in the beginning of the 1990s and by the exceptional boom in the stock market at the end of this decade the level as well as the inequality of the wealth of Swedish households have increased. The large baby-boom cohorts of the 1940s have been successful in...
Persistent link: https://www.econbiz.de/10010321540
For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...
Persistent link: https://www.econbiz.de/10010321560
In 1996 Austria introduced a tax for the layoff of older workers, which was tightened in 2000. The regulation requires …
Persistent link: https://www.econbiz.de/10010294877
Persistent link: https://www.econbiz.de/10010294917
politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment …
Persistent link: https://www.econbiz.de/10011430084