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This paper analyses the different channels through which particular generations within one society can end up subsidising other generations through the functioning of the welfare state. The welfare state, which is organised and funded by “society” through taxation, plays an important part in...
Persistent link: https://www.econbiz.de/10013139207
these pensions, which, it is often claimed, contrasts with the pension promises made in the private sector. This paper does … not attempt to answer whether public sector pension promises are relatively generous in the UK or elsewhere but instead … aims to provide the bigger picture against which a discussion of public sector pension provision could be held.The origin …
Persistent link: https://www.econbiz.de/10013144535
I examine the effect of Old-Age Insurance systems on the labor supply of older men. Male retirement behavior is crucial to the solvency of OAI systems. Historical data on participation rates and OAI rules in thirteen developed countries show rapid falls in participation among men aged 60-4 after...
Persistent link: https://www.econbiz.de/10014129837
discontinuity of incentives at the state pension age helps separate OAI's effects from those of social mores and husbands … Social Security system, the participation rate of German women aged 60-4 would increase by 7 percentage points …
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