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Economic and social security in the twenty-first century, with attention to Europe.

DREZE, Jacques - Center for Operations Research and Econometrics (CORE), … - 2000

A partly heuristic attempt at exploring long-run policies aimed at a second-best compromise between ex ante risk … advocated, together with improved risk sharing between capital and labour, between generations and between the countries …

Persistent link: https://www.econbiz.de/10005008480

Federal Insurance of the U.S. States: An Empirical Investigation.

Sorensen, B.E.; Yosha, O. - Foerder Institute for Economic Research, Eitan Berglas … - 1997

suggests that with an appropriately designed income insurance scheme it may be possible to achieve considerable risk sharing in …

Persistent link: https://www.econbiz.de/10005647267

Intergenerational Risk Sharing and the Design of Pay-as-you-Go Pension Programs.

Thogersen, O. - Norges Handelshøyskole (NHH) - 1996

intergenerational distribution of income risk. If the pension benefit is a fixed proportion of previous income, a pay-as-you-go program … increases the income risk of all generations. On the other hand, a pay-as-you-go program characterized by a fixed inome tax rate … and uncertain pension benefits provides intergenerational risk sharing. …

Persistent link: https://www.econbiz.de/10005672011

Social norms and moral hazard

Dufwenberg, Martin; Lundholm, Michael - 1998

The probability of income loss depends on talent and effort. Effort has positive externalities and therefore individuals are proportion to their perceived diligence. The social norm requires more effort from individuals perceived as more talented, but talent is private information and...

Persistent link: https://www.econbiz.de/10011588906

A narrative account of legislated social security changes for Germany

Gechert, Sebastian; Paetz, Christoph; Villanueva, Paloma - 2016

Exploiting official historical records of the German Bundestag and Bundesrat, the Federal Ministry of Labour and Social Affairs and the German statutory pension insurance scheme, we construct a narrative of legislated social security changes for Germany between 1970 and 2013 in order to identify...

Persistent link: https://www.econbiz.de/10011477469

Robust-Optimal Fiscal Policy

Carvalho, Vasco M. - 2007

This paper introduces a concern for model misspecification in a Lucas-Stokey optimal fiscal policy setting. The representative household in this economy is endowed with the knowledge of a reference model for the government spending process but acknowledges that this model is potentially...

Persistent link: https://www.econbiz.de/10012729803

Growth, Deficits and Uncertainty in a Panel of 28 Countries

Goulas, Eleftherios; Zervoyianni, Athina - Rimini Centre for Economic Analysis (RCEA) - 2012

We examine the relationship between fiscal deficits and per-capita income growth in a panel of 28 European countries, allowing for perceived risks, in terms of fiscal sustainability, associated with additional government spending. Such risks are proxied by the conditional variability of...

Persistent link: https://www.econbiz.de/10010555882

Signals from the Government : Policy Disagreement and the Transmission of Fiscal Shocks

Callegari, Giovanni - 2016

We investigate the effects of fiscal policy communication on the propagation of government spending shocks. To this aim, we propose a new index measuring the coordination effects of policy communication on private agents' expectations. This index is based on the disagreement amongst US...

Persistent link: https://www.econbiz.de/10012982912

Growth, Deficits and Uncertainty: Theoretical Aspects and Empirical Evidence

Goulas, Eleftherios; Zervoyianni, Athina - Rimini Centre for Economic Analysis (RCEA) - 2013

We examine the relationship between fiscal deficits and per-capita income growth in a panel of 27 European countries, allowing for perceived risks, in terms of fiscal sustainability, associated with additional government spending. Such risks are proxied by the conditional variability of...

Persistent link: https://www.econbiz.de/10010692886

Growth, deficits and uncertainty: Theoretical aspects and empirical evidence from a panel of 27 countries

Goulas, Eleftherios; Zervoyianni, Athina - In: The Quarterly Review of Economics and Finance 53 (2013) 4, pp. 380-392

Persistent link: https://www.econbiz.de/10010718823

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