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HEIJDRA BEN J.; ROMP WARD E. - CESifo GmbH <München> - 2007

We study the effects of demographic shocks and changes in the pension system on themacroeconomic performance of an advanced small open economy. An overlappinggenerationsmodel is constructed which includes a realistic description of the mortalityprocess. Individual agents choose their optimal...

Persistent link: https://www.econbiz.de/10005858940

INTERGENERATIONAL RISK SHARING BY MEANS OF PAY-AS-YOU-GO PROGRAMS - AN INVESTIGATION OF ALTERNATIVE MECHANISMS

Thøgersen, Øystein - CESifo GmbH <München> - 2006

A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks toindividuals´ labor and capital income over the life cycle. By means of a model that providesilluminating closed form solutions, we demonstrate that the magnitude of the optimal paygoprogram and the nature...

Persistent link: https://www.econbiz.de/10005861192

CAN PAY-AS-YOU-GO PENSIONS RAISE THECAPITAL STOCK?

Roberts, Mark - University <Nottingham> / Department of Economics - 2002

We reconsider pay-as-you-go pensions (PAYG) policy in a version of the Diamond(1965) overlapping generations model with … capital:the well-known negative crowding-out effect in displacing savings and a positiveeffect in reducing a second form of … crowding-out caused by the displacement of"productive savings" in capital by "non-productive savings" in financial sector …

Persistent link: https://www.econbiz.de/10005868942

CAN THE CAPITAL GAINS ARISING FROM ANUNFUNDED PENSIONS REFORM MAKE IT PARETOIMPROVING?

Roberts, Mark - University <Nottingham> / Department of Economics - 2002

If unfunded pensions crowd-out private savings, pensions reform should raise the timepath of capital. Even if reform …

Persistent link: https://www.econbiz.de/10005868946

Private Wealth and Job Exit at Older Age : A Random Effects Model

Bloemen, Hans - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

Private wealth holdings are likely to become an increasingly important determinant in the jobexit decision of elderly workers. Net wealth may correlate with worker’s characteristics thatalso determine the exit out of a job. It is therefore important to include a rich set of...

Persistent link: https://www.econbiz.de/10005860472

Do Housing Submarkets Really Matter?

Bourassa, Steven C.; Hoesli, Martin; Peng, Vincent S. - 2002

This paper tests whether out-of-sample hedonic value predictions can be improved when a large urban housing market is divided into submarkets.

Persistent link: https://www.econbiz.de/10005843394

Implicit Forward Rents as Predictors of Future Rents

Englund, Peter; Gunnelin, Åke; Hoesli, Martin; … - 2002

This paper deals with the relation between the term structure of rents and future spot rents.

Persistent link: https://www.econbiz.de/10005843395

Partially Identifying the Prevalence of Health InsuranceGiven Contaminated Sampling Response Error

Kreider, Brent - Iowa State University of Science and Technology <Ames, … - 2006

This paper derives simple closed-form identication regions for the U.S. nonelderlypopulation's prevalence of health insurance coverage in the presence of household reporting errors.The methods extend Horowitz and Manski's (1995) nonparametric analysis of contaminated samplesfor the case that...

Persistent link: https://www.econbiz.de/10009360860

Delayering and Firm Performance: Evidence from Swiss firm-level Data

Kuhn, Dieter - Wirtschaftswissenschaftliches Zentrum <Basel> - 2011

The past decades witnessed a broad trend towards flatter organizations with lesshierarchical layers. A reduction of the number of management levels in a corporationcan have both positive and negative effects on firm performance with the neteffect being theoretically unclear ex ante. The present...

Persistent link: https://www.econbiz.de/10008845686

Business environment, managerial strategies, and the allocation of decision-making authorities in Swiss Firms

Beckmann, Michael; Armbruster, Kathrin - Wirtschaftswissenschaftliches Zentrum <Basel> - 2010

The allocation of decision-making authorities may be seen as the last link in a causalrelationship starting from changes in environment and continuing to business strategy.Changes in task complexity, which can be measured by the introduction of a diversificationor an outsourcing strategy, are...

Persistent link: https://www.econbiz.de/10008845692

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