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Money and pay-as-you-go pension
Yasuoka, Masaya - In: Economies : open access journal 6 (2018) 2, pp. 1-15
This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...
Persistent link: https://www.econbiz.de/10011853698
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New Monetary System
2012
Persistent link: https://www.econbiz.de/10013114444
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Monetary and Non-Monetary Incentives in Real-Effort Tournaments
Erkal, Nisvan - 2019
incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …
Persistent link: https://www.econbiz.de/10012901088
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Monetary and non-monetary incentives in real-effort tournaments
Erkal, Nisvan; Gangadharan, Lata; Koh, Boon Han - In: European economic review : EER 101 (2018), pp. 528-545
Persistent link: https://www.econbiz.de/10011975443
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Ukraine: selected economic issues
Astrov, Vasily; Podkaminer, Leon - 2017
Persistent link: https://www.econbiz.de/10011857919
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Cash, non-cash, or mix? : gender matters! : the impact of monetary, non-monetary, and mixed incentives on performance
Sittenthaler, Hanna M.; Mohnen, Alwine - In: Journal of business economics : JBE 90 (2020) 8, pp. 1253-1284
Persistent link: https://www.econbiz.de/10012316359
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Cash on trial
Beer, Christian; Gnan, Ernest; Birchler, Urs W.; … - Conference "Cash on Trial" <2015, Zürich>; SUERF - The …; … - 2016
Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...
Persistent link: https://www.econbiz.de/10011548098
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On household labour supply in sticky-wage HANK models
Gerke, Rafael; Giesen, Sebastian; Lozej, Matija; … - 2024 - November 24, 2023
Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the same amount of hours from all households. As a result, unions do not take account of the fact that (i) households are heterogeneous in their willingness to work, and that (ii)...
Persistent link: https://www.econbiz.de/10014467926
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Optimal Retirement Age and Lower Bound on Interest Rate
Bhattacharyya, Nalinaksha - 2022
the interaction between current wealth, savings rate, interest rate and retirement age. The model also suggests a lower …
Persistent link: https://www.econbiz.de/10013491596
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The redistributive effects of monetary policy in an overlapping generations model
Baek, Seungjun - In: European economic review : EER 155 (2023), pp. 1-28
Persistent link: https://www.econbiz.de/10014438886