We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the … the majority of welfare effects comes from adjustments in taxes and/or prices. After the transition period, welfare … although incentives differ between defined benefit and defined contribution systems, the welfare effects are of comparable …

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the … the majority of welfare effects comes from adjustments in taxes and/or prices. After the transition period, welfare … although incentives differ between defined benefit and defined contribution systems, the welfare effects are of comparable …

In this chapter, we analyse the effects of PAYG and funded pension systems on welfare. The debate on the choice between … that, regardless of social preferences, imposing a target of pension expenditure on GDP maximises social welfare. …

resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The …, the expansion of tourism improves welfare. However, when the traded sector is strongly capital intensive, the fall in … capital can be a dominant factor in lowering national welfare. This dynamic immiserizing result of tourism on resident welfare …

improve the business conditions in one country have negative productivity and welfare effects on the trading partner. Second …

number of applications result is due to rent seeking behavior. Sizable welfare gains (15% to 20%) can be realized by … applying for at least one job per period, increases welfare. …

, the welfare increases of the household, as measured by changes in consumption, are larger than when services are provided … confirm. Thus, we find that bundling of services may help realize welfare effects. …