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L'objectif de ce papier est d'analyser les impacts du vieillissement de la population italienne sur le système économique et en particulier sur le système de retraite afin d'évaluer l'efficacité des réformes mises en place durant les années 90 (réforme Amato en 1992 et réforme Dini en...
Persistent link: https://www.econbiz.de/10009323943
Persistent link: https://www.econbiz.de/10008727247
In this paper, we model an overlapping generation economy affected by an unexpected immigration shock and determine how … households would insure themselves against "immigration risks" efficiently. We use the model to study the impact of immigration … pensions that mimics efficient complete market allocation. We also show the impact of immigration shocks in a small open …
Persistent link: https://www.econbiz.de/10011113555
present paper considers the case of non-immidiate assimilation, and analyzes immigration conflicts in an overlapping …
Persistent link: https://www.econbiz.de/10010593657
The proposal involves the establishment of ?welfare accounts? for every person in a country. There are to be four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10008520144
Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations...
Persistent link: https://www.econbiz.de/10005828388
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I …
Persistent link: https://www.econbiz.de/10005835397
This paper shows that unregulated decentralized equilibrium is viable under increasing returns technologies in an overlapping generations model of production with cash-in-advance constraints. We also demonstrate that the model exhibits both the Tobin effect and the reverse Tobin effect.
Persistent link: https://www.econbiz.de/10005836089
by inequality in the distribution of land. To accommodate these empirical findings, a theory is developed that highlights … the incentives of landowners to oppose competition in the financial sector. The theory provides an explanation for the co …
Persistent link: https://www.econbiz.de/10005836624
The paper develops a stylized overlapping generations economy with random production and a stock market. The impact of a Social Security system on production, asset markets, and consumer welfare is analyzed. It is shown that any reduction in the contribution rate fosters capital accumulation and...
Persistent link: https://www.econbiz.de/10010599630