We derive the optimal labor income tax schedule for a life cycle model with deterministic productivity variation and complete asset markets. An individual chooses whether and how much to work at each date. The government must finance a given expenditure and does not have access to lump sum...

This paper is concerned with the empirical analyses of optimal taxation, adopting Equality of Outcome (EO) as well as Equality of Opportunity (EOp) as evaluation criteria. The EOp- and EO-criteria provide alternative methods for summarizing the efficiency-equality trade-off in the distribution...

The wealth of male decedents using census-linked probate records from 1892 and 1902 is examined for evidence on saving motives. This data presents an opportunity to examine wealth holding and saving motives in an environment devoid of many of the features that can affect modern retirement,...

In this paper we empirically analyse the impact of retirement benefits on consumption and personal saving in South Africa using the Feldstein 1974 specification and procedure. By using a basic extended Ando-Modigliani life cycle model we show that the introduction of retirement programs crowds...

The primary purposes of this paper are to (1) consider the justifications that have been offered for housing subsidies to low-income households and the implications of these justifications for the evaluation and design of housing programs, (2) describe the most important features of the largest...

Welfare-to-work measures are a central theme of Israel’s labour and social policies to tackle relative poverty, which is concentrated among the Arab-Israeli and Ultra-orthodox (Haredi) communities. Policies include pilot programmes involving private-sector job placement (the “Wisconsin”...

Cartagena de Indias, declarada patrimonio Cultural de la Humanidad por la Unesco en 1984, fue fundada en 1533. El patrimonio inmueble de Cartagena representado en su arquitectura militar, religiosa, civil y domestica, unido a sus recursos naturales, playas, bahías, ciénagas y lagunas internas,...

the Productivity Commission research report into the ‘Impacts of Advances in Medical Technology in Australia’ was released on 20 September 2005. The report responds to a request from the Australian Government to examine the impact of advances in medical technology on public and private...

Employment in physically demanding jobs or in jobs with difficult working conditions is a major cause of early labor-market exit among older workers. Raising the retirement age is particularly concerning for near-retirement age workers with such jobs. Despite the fact that the retirement age...

Настоящето изследване представя дългосрочна прогноза за демографското развитие в България и оценка на неговия ефект върху икономиката и публичните финанси....