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Population aging, social security and fiscal limits
Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2018
We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper … welfare of a number of policies often advocated to improve the sustainability of pension systems. New tax data on dynamic …
Persistent link: https://www.econbiz.de/10011864671
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Social Security Reform in the US: Lessons from Hungary
Simonovits, András - 2006
The partial privatization of the US Social Security system was clearly the top economic policy priority for the new Bush administration. While many famous economists, publicists and politicians support, others reject the partial privatization of the Social Security system. The international...
Persistent link: https://www.econbiz.de/10010494349
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The commitment value of prefunded pensions
Garon, Jean-Denis - 2015
This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot … commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces …
Persistent link: https://www.econbiz.de/10011405644
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Social Security Reform in the US: Lessons from Hungary
Simonovits, András - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2006
The partial privatization of the US Social Security system was clearly the top economic policy priority for the new Bush administration. While many famous economists, publicists and politicians support, others reject the partial privatization of the Social Security system. The international...
Persistent link: https://www.econbiz.de/10005590057
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What Ownership Society: Debating Housing and Social Security Reform in the United States
Béland, Daniel - Department of Economics, McMaster University - 2006
over President Bush's "ownership society" in the fields of housing and pensions, this article underlines the relationship …
Persistent link: https://www.econbiz.de/10005635200
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PIIGS ‘R’ Us? The Coming U.S. Debt Crisis and What Can Be Done About It
Richardson, Stephen - 2011
reform, the U.S. risks joining the PIIGS – Portugal, Ireland, Italy, Greece and Spain – on the road to ruin through …
Persistent link: https://www.econbiz.de/10013122134
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Pensions and Retirement Incentives. A Tale of Three Countries : Italy, Spain and the USA
Brugiavini, Agar; Peracchi, Franco; Wise, David A. - 2003
the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives …
Persistent link: https://www.econbiz.de/10014088795
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Restoring Fiscal Sustainability in the United States
Lenain, Patrick - 2013
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the...
Persistent link: https://www.econbiz.de/10014156730
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The Labour Market and the Job Miracle
Heckman, James J.; Agell, Jonas; Gertser, Florian; … - In: CESifo Forum 04 (2003) 2, pp. 29-48
Persistent link: https://www.econbiz.de/10011695729
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Economic perspectives on aging
Papadimitriou, Dimitri Basil (contributor) - 2007
The aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a special emphasis on government spending on the aged. The U.S. Census Bureau projects that the proportion of the elderly in...
Persistent link: https://www.econbiz.de/10003727006