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Pension reform, economic growth and financial development - an empirical study
Hu, Y-W - 2005
Pension reform is one of the biggest challenges facing national governments. How toreform the old pay-as-you-go (PAYG) systems is still under hot debate; one of themost influential funded pension schemes is designed by the World Bank. In thesecond chapter of this paper, we first review the...
Persistent link: https://www.econbiz.de/10009465450
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On the inefficiency of pay-as-you-go pension systems in stochastic economies with assets
Böhm, Volker; Hillebrand, Marten - 2007
This paper studies the impact of variations of a pay-as-you-go pension system on welfare in a stochastic overlapping generations model where compulsory public retirement savings coexist with private savings in assets and bonds. It is shown that, for a stationary population, any reduction of...
Persistent link: https://www.econbiz.de/10009452530
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From Bismarck to Beveridge : the other pension reform in Spain
Conde Ruiz, José Ignacio; González Martínez, Clara Isabel - 2014
El envejecimiento de la población es un proceso imparable que continúa suponiendo un reto para la sostenibilidad del sistema de reparto de pensiones en la mayoría de los países desarrollados, incluida España. Gran parte de estos países necesitan llevar a cabo reformas en sus sistemas de...
Persistent link: https://www.econbiz.de/10012530444
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Distributing the Benefits from the Commons
Silvestre, Joaquim - 1993
"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...
Persistent link: https://www.econbiz.de/10009468330
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Foundations for Cooperation in Social Dilemmas
Ahn, Toh-Kyeong - 2001
"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...
Persistent link: https://www.econbiz.de/10009468335
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Appropriation Externalities in the Commons: Theory and Experimental Evidence
Herr, Andrew - 1996
of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader …
Persistent link: https://www.econbiz.de/10009468337
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Essays on Individual Behavior in Social Dilemma Environments: An Experimental Analysis
Dudley, Dean - 1993
"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...
Persistent link: https://www.econbiz.de/10009468340
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Salience and Its Implications for Common-Pool Resource Management in Scotland: A Tragedy of a Different Kind?
Brown, Katrina Myrvang; Slee, Bill - 2002
"In past contributions to CPR theory, the issue of salience/dependence on a resource has been flagged up as a one of a … high. However, cases do exist of CPRs in which this assumption does not hold, and consequently, related theory proves to be … into question the possibility and utility of constructing a coherent CPR meta-theory." …
Persistent link: https://www.econbiz.de/10009468341
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Institutional Equilibrium and Equilibrium Institutions
Shepsle, Kenneth A. - 1983
"This theme paper focuses on political institutions and their effects on social choice. Institutions are argued to play a mediating rolebetween the preferences of individuals and social choices. In addition to playing an endogenous role in molding and channeling preferences, institutions...
Persistent link: https://www.econbiz.de/10009468358
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Chaos on the Commons: Considering the Implications of Nonequilibrium Theory for Common Property Research
Morgan, Betty - 1995
"The rapidly emerging 'new science' of nonequilibrium systems theory may offer common property researchers and scholars …. Deriving from the dynamical holism of quantum physics, nonequilibrium theory engages the spontaneity, chaos, interrelatedness … paper explores the aspects of nonequilibrium theory which may be instructive in an expanded vision of common property …
Persistent link: https://www.econbiz.de/10009468365