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spending. Our baseline optimal reform reveals that these model ingredients result in a reduction of welfare losses that occur … when the reform is announced before its implementation. Further, the mere existence of welfare losses from pre … welfare gains from pre-announcing the reform. We show that 4 years pre-announcement of this reform and the baseline optimal …
Persistent link: https://www.econbiz.de/10005069224
Data from Stability Programs (European Countries) and from Us Congress Budget Office and Us Bureau of Census are collected to investigate the burden each worker will have to bear in the future in order to finance pension and health care provisions. If the private side of the system is based,...
Persistent link: https://www.econbiz.de/10011108591
short-run confiscation and/or subsidy of capital and labor income is not important for the welfare gains of pre …: should fiscal policy pre-announce tax reforms before their implementation from a welfare point of view? Domeij and Klein … (2005) show that pre-announcement of an optimal tax reform is costly in terms of welfare. We reexamine their claim by taking …
Persistent link: https://www.econbiz.de/10009466995
transfers to locality. It derives the rate of endogenous growth and examines how the growth rate and welfare respond to changes …
Persistent link: https://www.econbiz.de/10009246586
transfers to locality. It derives the rate of endogenous growth and examines how the growth rate and welfare respond to changes …
Persistent link: https://www.econbiz.de/10009150904
spending. Our baseline optimal reform reveals that these model ingredients result in a reduction of welfare losses that occur … when the reform is announced before its implementation. Further, the mere existence of welfare losses from pre … welfare gains from pre-announcing the reform. We show that 4 years pre-announcement of this reform and the baseline optimal …
Persistent link: https://www.econbiz.de/10014059571
The authors present below a synthesis of a broader work, as a result of a 2011-2014 study made by the Institute of National Economy of the Romanian Academy.The authors aim at an analysis of a new paradigm of the post-crisis economy,trying to clarify the issue of the globalisation mechanisms in...
Persistent link: https://www.econbiz.de/10011105945
This study advices on a suitable strategy for financing healthcare in Kenya as the sector faces challenges of underfunding with an increased demand of quality and availability of health care services that are equitable and affordable for a growing population.The study examines the effect of per...
Persistent link: https://www.econbiz.de/10011112381
Romanian economy is in an ongoing transformation process starting with 1990. These involve changes of legislation, institutions, human perceptions of economic activity and productivity in order to fulfill the new challenges. Transformation process have ga
Persistent link: https://www.econbiz.de/10008480073
The paper proposes a method to speed up the transition toward the notional contributions pension system in Italy. It seems the most appropriate manner to combine and pursue employment and financial sustainability goals. The method computes percentages for abating the old retributive pensions...
Persistent link: https://www.econbiz.de/10011112697