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Temptation and social security in a dynastic framework

Kumru, Cagri S.; Tran, Chung - In: European Economic Review 56 (2012) 7, pp. 1422-1445

environment PAYG social security works as a self-control cost reducing device. In contrast, the presence of altruism induces … further mitigated relative to the environments that incorporate altruism and self control issues separately. However, the …

Persistent link: https://www.econbiz.de/10010580678

Temptation and Social Security in a Dynastic Framework

Kumru, Cagri Seda; Tran, Chung - School of Economics, UNSW Business School - 2009

current consumption. Individuals’ efforts to balance between the long-term commitment (consumption smoothing and altruism) and … incorporates altruism and self control issues separately. …

Persistent link: https://www.econbiz.de/10004984667

Is altruism important for understanding the long-run effects of social security?

Fuster, Luisa - Department of Economics and Business, Universitat … - 1997

This paper quantifies the effects of social security on capital accumulation and wealth distribution in a life cycle framework with altruistic individuals. The main findings of this paper are that the current U.S. social security system has a significant impact on capital accumulation and wealth...

Persistent link: https://www.econbiz.de/10005772143

Pay-as-you-go social security and the distribution of bequests

Caballé, Jordi; Fuster, Luisa - Department of Economics and Business, Universitat … - 2000

This paper studies the impact of an unfunded social security system on the distribution of bequests in a framework where savings are due both by life cycle and by random altruistic motivations. We show that the impact of social security on the distribution of bequests depends crucially on the...

Persistent link: https://www.econbiz.de/10005772393

Social security reform with impure intergenerational altruism

Yang, Fang - In: Journal of Economic Dynamics and Control 37 (2013) 1, pp. 52-67

Security in this model with impure altruism has a smaller effect on capital accumulation than in a pure life-cycle model, a … bigger effect than in a model with two-sided altruism. The welfare gain of eliminating Social Security system under impure … altruism is smaller than that in a pure life-cycle model, and bigger than that in a model with two-sided altruism. …

Persistent link: https://www.econbiz.de/10010594907

Pay-as-You-Go Social Security and the Distribution of Bequests

Fuster, Luisa; Caballé, Jordi - 2000

Persistent link: https://www.econbiz.de/10014151739

Has the minimum wage policy been important for reducing poverty in Brazil? A decomposition analysis for the period from 2002 to 2013

Brito, Alessandra Scalioni; Kerstenetzky, Celia Lessa - In: EconomiA 20 (2019) 1, pp. 27-43

This study aims to analyze the contribution of the minimum wage valorization policy to the reduction in poverty that occurred in the first decade of the 21st century in Brazil, considering not only the incidence of poverty but also its intensity and severity. A decomposition methodology was used...

Persistent link: https://www.econbiz.de/10013466655

Henkivakuutusvaje suomessa suuruusluokan arviointia yksilöaineistoilla

Ropponen, Olli; Kuusi, Tero; Valkonen, Tarmo - 2022

This report employs individual-level register data to study the coverage and amounts of voluntary term life insurances, the monetary losses following from the death of a breadwinner, and the life insurance gap arising as the difference of the two. The data include information on the life...

Persistent link: https://www.econbiz.de/10014278289

Mind the gap: Assessing the size and determinants of the life insurance gap

Ropponen, Olli; Kuusi, Tero; Valkonen, Tarmo - 2022

Preparing for the monetary loss associated with premature death of the breadwinner has become more relevant during the COVID-19 pandemic. However, very little is known about how much of the financial vulnerabilities are covered by the life insurance holdings in different population groups. We...

Persistent link: https://www.econbiz.de/10014304772

The Gains from Pension Reform

Lindbeck, Assar; Persson, Mats - 2002

We characterize pension systems along three dimensions: 1) actuarial vs. non-actuarial, 2) funded vs. pay-as-you-go, 3) defined-contribution vs. defined-benefit. Increasing the degree of actuarial fairness, by strengthening the linkage between contributions and benefits, reduces labor market...

Persistent link: https://www.econbiz.de/10010320156