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Australia, since the early 1980s, has been a leading advocate and practitioner of the neo-liberal economic model, also known as the Anglo-Saxon (or Anglo-American) model due to its geographical origins in the UK and the US, and its subsequent ascendancy in Australia, New Zealand and Canada,...
Persistent link: https://www.econbiz.de/10015215085
to increase consumption in retirement as suggested by the Life-Cycle Hypothesis. Defined benefit plans provide a … guaranteed source of income in retirement where the household bears no risk, whereas households with a defined contribution plan … retirees may be more willing to use their housing equity to increase consumption in retirement than was observed in past …
Persistent link: https://www.econbiz.de/10015263335
This paper analysis the reasons of poverty, and identifies reduction strategies developed in Pakistan and its consequences. This exploratory study uses the secondary data for the analysis. Much has been written on poverty reduction in Pakistan. So many strategies are prepared and implemented in...
Persistent link: https://www.econbiz.de/10015269388
Retirees with a defined contribution plan have more risky retirement portfolios than households with a defined benefit …
Persistent link: https://www.econbiz.de/10015251415
In public debate, the pros and cons of the minimum wage are frequently boiled down to simple tradeoff between earnings gains and job losses. This chapter argues that an exclusive focus on tradeoffs between earnings gains and job losses is too narrow, as firms can make myriad adjustments to blunt...
Persistent link: https://www.econbiz.de/10015213889
Tutkimuksen tavoitteena on arvioida, nostiko vuoden 2005 eläkejärjestelmän ns. superkarttumasääntö eläköitymisikää 63 ikävuoden jälkeen. Tarkastelun kohteena on vuoden 1947 syntymäkohortin siirtyminen vuosina 2007-2015 vanhuuseläkkeelle. Superkarttuma mahdollisti paremman...
Persistent link: https://www.econbiz.de/10015214664
This study examines retirement plan participation and savings behavior for American public and private sector employees … diversified portfolio within the retirement plans. The findings of this study indicate that the population’s plan participation … sector employees who participate in defined contribution plans hold lower amounts within their retirement accounts. The …
Persistent link: https://www.econbiz.de/10015215740
Recently, Pissarides (2008) has argued that the standard search model with sunk fixed matching costs increases unemployment volatility without introducing an unrealistic wage response in new matches. We revise the role of matching costs and show that when these costs are not sunk and, therefore,...
Persistent link: https://www.econbiz.de/10015217143
This paper analyzes the structure and perspectives of the current pension system, introduced in 1997 as part of Mexico …’s structural changes. In particular, it focuses on the effects of the system on poverty after retirement and emphasizes the …
Persistent link: https://www.econbiz.de/10015218442
Recently, Pissarides (2008) has argued that the standard search model with sunk fixed matching costs increases unemployment volatility without introducing an unrealistic wage response in new matches. We revise the role of matching costs and show that when these costs are not sunk and, therefore,...
Persistent link: https://www.econbiz.de/10015218515