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A life-cycle growth model is used to investigate the quantitative impact of gradually converting the financing of social security from pay-as-you-go (PAYGO) to full funding. The magnitudes of the losses and gains that particular age cohorts will experience under alternative speeds of conversion...
Persistent link: https://www.econbiz.de/10005641580
In Hungary, average initial old age pensions have risen much faster than average pensions over the past decade. Several … importance. In most countries, initial pensions are determined on the basis of a wage path of several decades, and nominal … initial pensions. The paper examines several aspects of this issue, including the plausibility of a significant decline in the …
Persistent link: https://www.econbiz.de/10014468530
In Hungary, average initial old age pensions have risen much faster than average pensions over the past decade. Several … importance. In most countries, initial pensions are determined on the basis of a wage path of several decades, and nominal … initial pensions. The paper examines several aspects of this issue, including the plausibility of a significant decline in the …
Persistent link: https://www.econbiz.de/10014454665
The Hungarian Personal Income Tax system is being transformed between 209 and 2013. Tax brackets and the previously existing tax credit is being abolished and this changes the net/gross income ratios in all income categories. This does not only lead to a significant loss in government's income,...
Persistent link: https://www.econbiz.de/10009301400
Persistent link: https://www.econbiz.de/10001603477
By far, the most popular test for spatial correlation is the one based on Moran's (1950) I test statistic. Despite this, the available results in the literature concerning the large sample distribution of this statistic are limited and have been derived under assumptions that do not cover many...
Persistent link: https://www.econbiz.de/10005241852
In this study we examine the association between subjective well-being and material welfare using the data of 3600 individuals from the TÁRKI Household Monitor for the year 2007. Most of the empirical papers on the effect of income on subjective well-being use either OLS regression or ordered...
Persistent link: https://www.econbiz.de/10010494553
We provide a detailed descriptive analysis of the long-term effects of the 50 percent public sector wage increase initiated by the government in 2002 in order to improve the relative situation of public sector workers. The aim of this policy was to attract high quality workers to the public...
Persistent link: https://www.econbiz.de/10010494728
The share of female workers is significantly higher i the public than the private sector. This could be due to several reasons: different preferences towards job characteristics, or perhaps to lower discrimination against women in the public sector due to strict wage grids and hiring and...
Persistent link: https://www.econbiz.de/10010494731
In this study we examine the association between subjective well-being and material welfare using the data of 3600 individuals from the TÁRKI Household Monitor for the year 2007. Most of the empirical papers on the effect of income on subjective well-being use either OLS regression or ordered...
Persistent link: https://www.econbiz.de/10009777719