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This study analyses financial sustainability of the Finnish public sector. Current tax rates are unlikely to yield sufficient tax revenue for financing public expenditure under an ageing population. In the base alternative we assume that the European crisis does not worsen and that productivity...
Persistent link: https://www.econbiz.de/10012037623
We study the use of pension funds in the Finnish earnings-related pension system with the aim of smoothing contributions over time under demographic and economic risks. Smoothing is affected by the revisions in long-term forecasts and is thus imperfect. As a partially funded defined-benefit...
Persistent link: https://www.econbiz.de/10012037710
Given rising life expectations around the world, it seems that old-age pension benefits will need to be cut and pension contributions boosted in many nations. Yet our research on old-age system reforms does not require raising mandatory retirement ages or contributions. Instead, we offer ways to...
Persistent link: https://www.econbiz.de/10011674526
-term horizon, the gap between the income which households expect to receive at retirement and the income which pension schemes are …
Persistent link: https://www.econbiz.de/10012609501
The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...
Persistent link: https://www.econbiz.de/10011606239
This paper analyses the challenges that high public debt and ageing populations pose to medium-term growth. First, macroeconometric model simulations suggest that medium-term growth can benefit from credible fiscal consolidation, partly through reductions in sovereign risk premia. Second, a...
Persistent link: https://www.econbiz.de/10011606317
are household equivalent disposable in-come, household consumption, and wealth. Subsequently we use the Income and … Expenditure Survey (Einkommens- und Verbrauchsstichprobe (EVS)) for Germany since 1993 to compare inequality across income … income and income more une-qually than consumption. …
Persistent link: https://www.econbiz.de/10014459462
This study investigates the income of self-employed based on the panel Labour Markets and Social Security of the …
Persistent link: https://www.econbiz.de/10010352889
Based on income tax data, statistical information can be compiled on self-employed and business start-ups by field of …, approx. one million are old age pensioners (with additional income from self-employment) and two million part-time self …-employed (i.e. with secondary income). 1.6 million self-employed operate in the liberal pro-fessions, thereof 57 % as main …
Persistent link: https://www.econbiz.de/10010369265
education and working hours, the income of the self-employed actually is much worse in comparison to paid employees who also …We analyze the situation of self-employed receiving means-tested benefits in Germany. A severe loss of income is the …
Persistent link: https://www.econbiz.de/10012002665