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Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003936144
Basu and Van (1998) show that a ban on child labour may be self-enforcing under the extreme assumption that, above the subsistence level, no amount of consumption can compensate parents for the disutility of child labour. We show that a partial ban may be self-enforcing also in a more general...
Persistent link: https://www.econbiz.de/10014505309
This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...
Persistent link: https://www.econbiz.de/10014023653
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010331423
Persistent link: https://www.econbiz.de/10003341946
and money in their upbringing. -- Pension reform ; implicit pension taxes and subsidies ; child benefits ; fertility …
Persistent link: https://www.econbiz.de/10003820014
fertility behavior and productivity growth. They present theoretical arguments to the effect that public pension coverage as … such will reduce aggregate fertility and may raise aggregate household savings. They argue further that public pensions, as … the policies under discussion. Their policy proposals to address declines in fertility and productivity growth include the …
Persistent link: https://www.econbiz.de/10003408061
Persistent link: https://www.econbiz.de/10003623990
Persistent link: https://www.econbiz.de/10003549221
We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...
Persistent link: https://www.econbiz.de/10003301067