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This paper undertakes an empirical analysis of the adoption of various components of social security systems as well as contribution rates. Apart from economic determinants of the adoption, the empirical analysis features determinants relating to countries' political systems and contagion. We...
Persistent link: https://www.econbiz.de/10011532308
from Turkey and India, developing countries rank low due to low spending on the old (pensions, health care) and the young …
Persistent link: https://www.econbiz.de/10011524903
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard models: if children are desirable in part because they provide security in case of disability or old age, then State programs that provide insurance against these events should...
Persistent link: https://www.econbiz.de/10012489339
Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing challenge brought about by population aging. It may or may not increase production per capita. Existing simulation studies all find a positive impact on public finances over...
Persistent link: https://www.econbiz.de/10012813390
This paper is the first to provide evidence of efficient taxation of groups with heterogeneous levels of 'tax morale'. We set up an optimal income tax model where high tax morale implies a high subjective cost of evading taxes. The model predicts that 'nice guys finish last': groups with higher...
Persistent link: https://www.econbiz.de/10009529515
from Turkey and India, developing countries rank low due to low spending on the old (pensions, health care) and the young …
Persistent link: https://www.econbiz.de/10013113360
As the baby boom generation enters retirement, a long-forecast funding crisis of the Social Security system is about to become a reality. Many other high-income countries are faced with similar financial problems with their public pension systems. Some of those countries have adopted legislative...
Persistent link: https://www.econbiz.de/10013117635
Given the prevalence of informal labor, most countries have combined contributory social insurance programs (pensions … these programs involve different types of subsidies and taxes, sometimes implicit. Because of design problems and the lack … of coordination/integration between programs, these subsidies/taxes tend to cause four problems: 1) they can reduce …
Persistent link: https://www.econbiz.de/10012833862
particular, public pensions, that smooth incomes over the life-cycle and are funded by high taxes, play an increasingly important …
Persistent link: https://www.econbiz.de/10012908404
Redistribution across individuals in a one-year-period framework is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective, reducing the level of actual redistribution across...
Persistent link: https://www.econbiz.de/10012823316