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Pensions and fertility: in search of a link
Gahvari, Firouz - In: International Tax and Public Finance 16 (2009) 4, pp. 418-442
In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized through a child allowance (or tax) or a linkage between...
Persistent link: https://www.econbiz.de/10010865740
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On sustainable pay as you go systems
Demange, Gabrielle - HAL - 2005
An unfunded Social Security system faces the major risk, sometimes referred to as "political risk", that future generations modify or even suppress the contributions. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked...
Persistent link: https://www.econbiz.de/10010739137
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On Sustainable Pay-As-You-Go Systems
Demange, Gabrielle - C.E.P.R. Discussion Papers - 2005
An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an...
Persistent link: https://www.econbiz.de/10005666926
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Demography, capital flows and unemployment
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - Centre de Recherche en Économie Appliquée (CREA), … - 2011
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10010938989
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Budgetary Policy and Unemployment Dynamics
von Thadden, Leopold; Kaas, Leo - Deutsche Bundesbank - 2001
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …
Persistent link: https://www.econbiz.de/10005083290
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Unemployment, Factor Substitution, and Capital Formation
Kaas, Leo; von Thadden, Leopold - Deutsche Bundesbank - 2001
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10005083312
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Demography, capital flows and unemployment
MARCHIORI, Luca; PIERRARD, Olivier; SNEESSENS, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 2011
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009493505
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Demography, capital flows and unemployment
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - Central Bank of Luxembourg - 2011
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009645266
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Growth and unemployment in an OLG economy with public pensions
Ono, Tetsuo - In: Journal of Population Economics 23 (2010) 2, pp. 737-767
Persistent link: https://www.econbiz.de/10008596138
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Environmental Tax Reform, Economic Growth, and Unemployment in an OLG Economy
Ono, Tetsuo - In: FinanzArchiv: Public Finance Analysis 63 (2007) 1, pp. 133-161
This paper develops an overlapping-generations model characterized by endogenous growth, unemployment, and pollution … unemployment benefits, and considers a replacement-ratio-neutral reform in whichthe environmental tax is devoted to cutting the … employees' rate of contribution to unemployment insurance. Under this reform, (i) the growth rate is increased, the unemployment …
Persistent link: https://www.econbiz.de/10005764468