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Time variation in lifecycle consumption and income

Aksoy, Yunus; Basso, Henrique S.; St. Aubyn, Carolyn - 2020

We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …

Persistent link: https://www.econbiz.de/10012177052

Ageing and the tax implied in public pension schemes : simulations for selected OECD countries

Fenge, Robert; Werding, Martin - 2003

A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the implicit tax that is levied on each generation s life-time income through participation in these systems. The implicit tax arises from the fact that, quite...

Persistent link: https://www.econbiz.de/10011514127

Ageing and the Tax Implied in Public Pension Schemes : Simulations for Selected OECD Countries

Fenge, Robert; Werding, Martin - 2021

A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the "implicit tax" that is levied on each generation's life-time income through participation in these systems. The implicit tax arises from the fact that, quite...

Persistent link: https://www.econbiz.de/10013320106

Lessons for an Aging Society : The Political Sustainability of Social Security Systems

Galasso, Vincenzo; Profeta, Paola - 2004

What is the future of social security systems in OECD countries? In our view, the answer belongs to the realm of politics. We evaluate how political constraints shape the social security system in six countries - France, Germany, Italy, Spain, the UK and the US - under population aging. Two main...

Persistent link: https://www.econbiz.de/10014074711

The Impact of Demographic Change, Co-Morbidity and European Care Policies on the Choice of Care Arrangement

Meng, Annika - 2010

Recent literature on long-term care looks at the substitutability of informal and professional home-based care arrangements. Other factors that influence the utilization of informal care instead of formal care have been ignored in conditional analyses so far. However, regressors that represent...

Persistent link: https://www.econbiz.de/10013135868

Shock from Graying : Is the Demographic Shift Weakening Monetary Policy Effectiveness

Imam, Patrick A. - 2013

Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy - given better anchored inflation expectations and inflation being less responsive to variation in unemployment - compared to the past. We examine another aspect that...

Persistent link: https://www.econbiz.de/10013075540

Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almås, Ingvild - 2009

Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...

Persistent link: https://www.econbiz.de/10013159881

Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic

Baudisch, Victoria; Neuenkirch, Matthias - 2023

relatively ineffective in stimulating consumption with regards to their costs when compared to other measures such as (targeted …

Persistent link: https://www.econbiz.de/10014275958

Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic

Baudisch, Victoria; Neuenkirch, Matthias - 2023

relatively ineffective in stimulating consumption with regards to their costs when compared to other measures such as (targeted …

Persistent link: https://www.econbiz.de/10014259264

The housing wealth effect : quasi-experimental evidence

Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2018

We exploit a quasi-experiment that occurred in Stockholm in 2007 to provide new evidence on the magnitude of the housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was unexpectedly renewed after political negotiation behind closed...

Persistent link: https://www.econbiz.de/10011948340

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