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Investing for the Old Age : Pensions, Children and Savings

Galasso, Vincenzo - 2009

decisions. Since children have traditionally represented for parents a form of retirement saving, particularly in economies with …

Persistent link: https://www.econbiz.de/10012719403

Lessons for an Aging Society : The Political Sustainability of Social Security Systems

Galasso, Vincenzo; Profeta, Paola - 2004

deliver a strong policy implication: an increase in the effective retirement age always decreases the size of the system …

Persistent link: https://www.econbiz.de/10014074711

The Political Economy of Social Security : A Survey

Galasso, Vincenzo; Profeta, Paola - 2004

This paper surveys the literature on the political economy of social security. We review models that address the following questions: (i) Why do social security programs that transfer resources from young and middle-aged workers to the elderly exist? (ii) What are the economic and political...

Persistent link: https://www.econbiz.de/10014071304

On the Political Complementarity between Health Care and Social Security

Bethencourt, Carlos; Galasso, Vincenzo - 2001

longevity differential between low and high-income individuals, therefore rising the retirement period, and the total pension …

Persistent link: https://www.econbiz.de/10014133301

When the State Mirrors the Family : The Design of Pension Systems

Galasso, Vincenzo - 2010

Family is a primal institution. Family organization (e.g. inheritance rules) can be transmitted over time, or even embedded into newly born economic institutions. We argue that when the family is substituted in one of its economic role by another, perhaps new, institution, the economic...

Persistent link: https://www.econbiz.de/10013139604

The Role of Income Effects in Early Retirement

Ignacio Conde-Ruiz, J. - 2014

We provide a long term perspective on the individual retirement behavior and on the future of retirement by emphasizing … "unfair" early retirement schemes, and derive a political equilibrium with positive social security contribution rates and … early retirement. A reduction in the wages in youth, consistent with the recent labor market trends since the massive …

Persistent link: https://www.econbiz.de/10013066531

When the State Mirrors the Family : The Design of Pension Systems

Galasso, Vincenzo; Profeta, Paola - 2021

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of the within family organization on the original design of the public pension systems. We build a simple OLG model with families featuring either weak or strong internal ties....

Persistent link: https://www.econbiz.de/10013316150

What Explains Fertility? Evidence from Italian Pension Reforms

Billari, Francesco C.; Galasso, Vincenzo - 2021

Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as 'consumption' vs. 'investment' good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear discontinuity in the treatment across workers....

Persistent link: https://www.econbiz.de/10013316377