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"In an overlapping-generations model with endogenous birth rates, I design a reform of the pay-as-you-go pension system, which internalises positive externalities of children - their pension contributions. Individuals may differ in their preferences for children and their ability to have...
Persistent link: https://www.econbiz.de/10010592492
"In an overlapping-generations model with endogenous birth rates, I design a reform of the pay-as-you-go pension system, which internalises positive externalities of children - their pension contributions. Individuals may differ in their preferences for children and their ability to have...
Persistent link: https://www.econbiz.de/10005537151
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on...
Persistent link: https://www.econbiz.de/10005826298
households at the peak of their working lives have relatively low savings though there is no evidence of a generational savings … savings and housing capital gains. …
Persistent link: https://www.econbiz.de/10005263766
-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … literature where old-age dependency exerts a negative impact on savings is sensitive to the manner in which the data is handled … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10010686104
-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … literature where old-age dependency exerts a negative impact on savings is sensitive to the manner in which the data is handled … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10010742478
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
Persistent link: https://www.econbiz.de/10004998651
Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of productivity for the advancement of various aspects of social...
Persistent link: https://www.econbiz.de/10005518911
The fifth issue of the International Productivity Monitor published by the Centre for the Study of Living Standards contains six articles. Topics covered are: the Canada-US manufacturing productivity gap; trends in Canadian living standards; the impact of economic reform on British productivity...
Persistent link: https://www.econbiz.de/10005650238