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Efficiency versus insurance: capital income taxation and privatizing social security
Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021
We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...
Persistent link: https://www.econbiz.de/10012653219
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A note on automation, stagnation, and the implications of a robot tax
Gasteiger, Emanuel; Prettner, Klaus - 2017
We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...
Persistent link: https://www.econbiz.de/10011668997
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Ageing and fiscal imbalances across generations : concepts of measurement
Fenge, Robert; Werding, Martin - 2003
In the literature, several approaches have been taken to measure the impact of demographic ageing on public pension schemes, with particular attention being paid to potential fiscal imbalances across the generations involved in demographic transition. In this paper, we review three of these...
Persistent link: https://www.econbiz.de/10011514130
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The Political Setting of Social Security Contributions in Europe in the Business Cycle
Pusch, Toralf; Kumpmann, Ingmar - 2011
Die Einnahmen der Sozialversicherung unterliegen dem Einfluss des Konjunkturzyklus. Soll die Beitragserhebung der … Sozialversicherung nicht prozyklisch schwanken, muss die Höhe der Beitragssätze zyklusübergreifend festgelegt werden. Diese Arbeit geht … der Frage nach, ob die Änderungen der Beitragssätze zur Sozialversicherung in europäischen Ländern diesem Grundsatz folgen …
Persistent link: https://www.econbiz.de/10010285510
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Early retirement provision for elderly displaced workers
Kruse, Herman; Myhre, Andreas - 2022
This paper studies the economic effects on re-employment and program substitution behavior among elderly displaced workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer-employee data containing information on bankruptcy dates and...
Persistent link: https://www.econbiz.de/10013341538
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Is the deficit under control? : a generational accounting perspective on fiscal policy and labour market trends in Spain
Bonin, Holger; Abío, Gemma; Berenguer, Eduard; Gil, Joan; … - 2001
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10011401525
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The Political Setting of Social Security Contributions in Europe in the Business Cycle
Pusch, Toralf; Kumpmann, Ingmar - Institut für Wirtschaftsforschung Halle (IWH) - 2011
Social security revenues are influenced by business cycle movements. In order to support the working of automatic stabilizers it would be necessary to calculate social insurance contribution rates independently from the state of the business cycle. This paper investigates whether European...
Persistent link: https://www.econbiz.de/10008853076
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Is the Deficit under Control?
Bonin, Holger; Abio, Gemma; Berenguer, Eduardo; Gil, Joan; … - 2001
According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...
Persistent link: https://www.econbiz.de/10010262513
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The burden of unanticipated government spending
Heer, Burkhard; Scharrer, Christian - 2016
We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a dynamic stochastic Overlapping Generations model with two types of households, Ricardian households and rule-of-thumb consumers. We demonstrate that an unexpected increase in...
Persistent link: https://www.econbiz.de/10011458011
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EDGE-M3: a dynamic general equilibrium micro-macro model for the EU member states
D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2020
This paper provides a technical description of the overlapping generations model used by the Joint Research Centre to analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies in its high level of disaggregation and the close...
Persistent link: https://www.econbiz.de/10012241664