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Chapter 21. Income Distribution in Computable General Equilibrium Modeling
Bourguignon, Franois; Bussolo, Maurizio - In: Handbook of computable general equilibrium modeling : …, (pp. 1383-1437). 2013
Studying the poverty and income distribution effects of macroeconomic policies or shocks requires a methodology that accounts on the one hand for the nature of the policy or shock being studied and their aggregate impact on the economy and, on the other hand, the heterogeneity of their overall...
Persistent link: https://www.econbiz.de/10014025270
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The ZEW combined microsimulation-CGE model : innovative tool for applied policy analysis
Clauss, Markus; Schubert, Stefanie - 2009
This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using …, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data … demand reactions are taken into account. -- microsimulation ; applied CGE analysis ; linked micro-macro models …
Persistent link: https://www.econbiz.de/10003888021
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Computation of equilibria in OLG models with many heterogeneous households
Rausch, Sebastian; Rutherford, Thomas F. - 2008
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10003762140
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Integrating Microsimulation Models of Tax Policy into a DGE Macroeconomic Model
DeBacker, Jason Matthew - 2018
microsimulation (partial equilibrium) model of tax policy with a dynamic general equilibrium (DGE) model of tax policy that can … demographics, and tax-code detail of the microsimulation model and allows this detail to inform a general equilibrium model with a …
Persistent link: https://www.econbiz.de/10012931904
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Welfare analysis and redistributive policies
Bargain, Olivier - 2017
Applied welfare analyses of redistributive systems nowadays benefit from powerful tax benefit microsimulation programs …
Persistent link: https://www.econbiz.de/10011751671
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Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets
Miles, David; Černý, Aleš - 2001
importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …
Persistent link: https://www.econbiz.de/10011398101
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
-generations model, where one country has PAYG pensions and the other country has funded pensions. The paper shows that the PAYG country …
Persistent link: https://www.econbiz.de/10011382085
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Optimal redistributive pensions with temptation and costly self-control
Bouchard St-Amant, Pier-André; Garon, Jean-Denis - 2013
mental cost of self-control. This effect partially offsets the forced-saving benefits of public pensions, and call for a more …
Persistent link: https://www.econbiz.de/10009774942
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Savings, child support, pensions and endogenous (and heterogeneous) fertility
Simonovits, András - 2013
decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may …
Persistent link: https://www.econbiz.de/10010193875
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Effects of the public sector downsizing on social security and public finance
Vogiatzis, Ioannis; Siriopoulos, Costas; Frangos, Nikolaos - In: Spoudai : journal of economics and business 64 (2014) 1, pp. 53-62
This paper presents the results of the actuarial valuation method Projected Unit Credit ("benefits/years of service") in order to assess the effects of the public sector downsizing on real economy and social security in Greece, using a prototype data set. We found a social security loss of about...
Persistent link: https://www.econbiz.de/10010469137