Cyclically adjusted budget balance (CAB) is a widely cited and widely used concept in the evaluation of fiscal situations. The key idea behind it involves the identification of potential levels of economic variables. There are two recently used methods: the aggregate approach and the...

A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are...

This paper examines whether retirement-income systems allow older individuals to enjoy socially acceptable income levels independent of paid work (decommodification) and the family (defamilialization). Little research has investigated the degree to which decommodification and defamilialization...

We show how classic source-decomposition and subgroup-decomposition methods can be reconciled with regression methodology used in the recent literature. We also highlight some pitfalls that arise from uncritical use of the regression approach. The LIS database is used to compare the approaches...

The aim is to assess the prevalence of poverty among families receiving social assistance. We will examine the incidence of poverty among the recipients in relation to the general poverty profile. To answer these questions, the adequacy and poverty reduction effectiveness of social assistance...

The income situation of families has always been a major topic for politicians and the public in modern welfare states. The ongoing call for better funding of families reflects the hardship of couples with children who seem to be unable to sustain the living standards of childless couples in...

This paper uses micro-census income data from the Luxembourg Income Study (LIS) to measure the current and future burden of financing public transfers, especially benefits supporting the aged and near-aged. The analysis distinguishes between income obtained from households' own saving and labor...

Great strides have been made in reducing poverty amongst the elderly in most rich countries over the past forty years. But pensioner poverty has not been eradicated, especially in the English-speaking nations. Poverty rates amongst older women are much higher than those for older men and much...