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Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014427523
In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against lifetime earnings risk. Based on a dynamic life-cycle...
Persistent link: https://www.econbiz.de/10011780780
In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against lifetime earnings risk. Based on a dynamic life-cycle...
Persistent link: https://www.econbiz.de/10011795062
Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014419242
Individuals vary considerably in how much they earn during their lifetimes. We study how the tax-and-transfer system o sets inequalities in lifetime earnings, which would otherwise translate into differences in living standards. Based on a life-cycle model, we find that redistribution by taxes...
Persistent link: https://www.econbiz.de/10012108653
benefit from paying reduced social security contributions while still receiving their full pension entitlements, made possible … principle on which the pension insurance system is based. This Weekly Report investigates the financial scope of the additional … pension entitlements and how targeted this subsidy is. The statutory pension insurance (Gesetzliche Rentenversicherung, GRV …
Persistent link: https://www.econbiz.de/10014235014
Introduced 20 years ago as a part of the 2001 pension reform, the Riester pension is meant to function as an essential … component of the German pension system with the aim of compensating for decreasing public pensions. However, data collected by … the SOEP show that this objective has not yet been achieved. For ten years, use of the Riester pension plan has been …
Persistent link: https://www.econbiz.de/10012667059
the number of workers and thus pension contributors at the highest possible level is a key economic policy goal. This … drawing a pension before reaching the normal retirement age, could create the necessary conditions for reaching this goal. The …, which came into effect in 2017, allows people to receive a partial pension payout before the normal retirement age while …
Persistent link: https://www.econbiz.de/10011762779
Many aspects of the economic transition which started in 1989 in Poland are by nowcomplete. However, the route Polish governments have so far taken concerning the systemof support for low-income families still implies very different poverty alleviation schemescompared to those found in many...
Persistent link: https://www.econbiz.de/10005861416
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity by age, education, wealth, sex and household...
Persistent link: https://www.econbiz.de/10014309445