Narrow search
Showing 1 - 10 of 1,757
Cover Image
Endogenous aging: How statutory retirement age drives human and social capital
Bauer, Ann Barbara; Eichenberger, Reiner - 2017
The return on investments in human and social capital increases in their economic lifetime. Thus, personal, parental, and societal investments in the capacities of individuals take place when these persons are young. Interestingly, the complementary thesis has been widely neglected; investments in...
Persistent link: https://www.econbiz.de/10012168479
Cover Image
Working life and human capital investment : causal evidence from pension reform
Gohl, Niklas; Haan, Peter; Kurz, Elisabeth; Weinhardt, Felix - 2019
In this paper we present a life-cycle model with human capital investment during working life through training and provide a novel empirical test of human capital theory. Using a sizable pension reform which shifts the retirement age between two adjacent cohorts by three years, we document...
Persistent link: https://www.econbiz.de/10012139004
Cover Image
Working life and human capital investment : causal evidence from pension reform
Gohl, Niklas; Haan, Peter; Kurz, Elisabeth; Weinhardt, Felix - 2020
This paper presents a life-cycle model with human capital investment during working life through training and provides a novel empirical test of human capital theory. We exploit a sizable pension reform across adjacent cohorts in a regression discontinuity setting and find that an increase in...
Persistent link: https://www.econbiz.de/10012157379
Cover Image
Pay-as-You-Go Public Pension Schemes Revisited: A Draft.
Werding, Martin - In: Journal of Economics and Statistics (Jahrbuecher fuer … 218 (1999) 3+4, pp. 491-511
If considered within the context of an overlapping-generations framework, pay-as-you-go pension systems turn out to be funded by the human capital embodied in subsequent generations. The failure to actually model public old-age security on this idea may, to a large degree, explain the current...
Persistent link: https://www.econbiz.de/10008596509
Cover Image
Tackling Business and Labour Informality in Chile
Contreras, Dante; Mello, Luiz de; Puentes, Esteban - Economics Department, Organisation de Coopération et … - 2008
Informality often arises from disincentives associated with high taxes and a restrictive regulatory framework in both … reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing … policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting. Chile is …
Persistent link: https://www.econbiz.de/10005045827
Cover Image
Aging and pension reform : extending the retirement age and human capital formation
Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - 2014 - This version: December 29, 2014
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...
Persistent link: https://www.econbiz.de/10010467965
Cover Image
Population aging, pension systems, and economic growth : applying an overlapping generations model to the informal sector
Temsumrit, Navarat - In: Asian development review : studies of Asian and pacific … 40 (2023) 2, pp. 305-341
This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...
Persistent link: https://www.econbiz.de/10014426328
Cover Image
Informality as a Stepping Stone: A Search-Theoretical Assessment of Informal Sector and Government Policy
Tumen, Semih - 2016
This paper develops a model of sequential job search to understand the factors determining the effect of tax and enforcement policies on the size (i.e., employment share) of the informal sector. The focus is on the role of informal sector as a stepping stone to formal jobs. I argue that the...
Persistent link: https://www.econbiz.de/10011525047
Cover Image
Informality as a stepping stone : a search-theoretical assessment of informal sector and government policy
Tumen, Semih - 2016
This paper develops a model of sequential job search to understand the factors determining the effect of tax and enforcement policies on the size (i.e., employment share) of the informal sector. The focus is on the role of informal sector as a stepping stone to formal jobs. I argue that the...
Persistent link: https://www.econbiz.de/10011520958
Cover Image
A Matching Model of Endogenous Growth and Underground Firms
Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2015
Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...
Persistent link: https://www.econbiz.de/10011212957