Showing 1 - 10 of 1,333
Persistent link: https://www.econbiz.de/10009688652
This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...
Persistent link: https://www.econbiz.de/10014426328
This paper investigates empirically the fiscal and welfare trade-offs involved in designing a pension system when …
Persistent link: https://www.econbiz.de/10010359417
Old-age poverty is to become one of the most pressing issues in the coming decades given the demographic trends forecasted. Particularly in developing countries this could be an obstacle to inclusive and sustainable growth as well as the fight against all forms of poverty (SDG 1), through shocks...
Persistent link: https://www.econbiz.de/10011518737
We examine the multigenerational impacts of a nationwide social pension program in China, the New Rural Pension Scheme (NRPS). NRPS was rolled out in full scale since 2012, and rural enrollees over age 60 are eligible to receive a minimum of 70 CNY non-contributory monthly pension. We leverage...
Persistent link: https://www.econbiz.de/10013187163
This paper analyzes the participation path of workers in the formal and informal sectors throughout their lives and their pension eligibilities, as well as how the social security scheme can change the aforementioned participation path. High levels of informality have impacts on the benefits...
Persistent link: https://www.econbiz.de/10011710853
This paper studies the first large scale effort by the Brazilian government to increase the social security compliance of self-employed workers using behavioral interventions. In 2014, the Brazilian Ministry of Social Security gradually delivered by postal mail a booklet reminding nearly 3...
Persistent link: https://www.econbiz.de/10011485098
For more than 25 years, the Social Security Trust Fund has been projected to run out of money in 2033 (give or take a few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today (February 2024), projections are made by the Social...
Persistent link: https://www.econbiz.de/10014480253
I examine if the positive correlation between wealth and survivorship has any implications for the progressivity of Social Security's current benefit-earnings rule. Using a general-equilibrium macroeconomic model calibrated to the U.S. economy, I show that the optimal benefit-earnings link for...
Persistent link: https://www.econbiz.de/10011554131
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the … the majority of welfare effects comes from adjustments in taxes and/or prices. After the transition period, welfare … although incentives differ between defined benefit and defined contribution systems, the welfare effects are of comparable …
Persistent link: https://www.econbiz.de/10011812259