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Persistent link: https://www.econbiz.de/10005647176
An empirical investigation of fiscal effects on saving is carried out with Israeli data, which disply large variability in both the saving rate and the fiscal variables.
Persistent link: https://www.econbiz.de/10005647249
In this paper we study the implications of random discount rates of future generations for saving behavior and capital holdings in steady-state competitive equilibrium. We examine conditions under which this randomness is sufficient for households other than the most patient to save, thus...
Persistent link: https://www.econbiz.de/10005647287
Persistent link: https://www.econbiz.de/10005650280
In OLG framework, it is generally admitted that PAYG pension system generates a lower capital accumulation, a higher level of interest rate but is more inequality reducing. By taking into account different assets returns and unequal access to them, we find that the PAYG pension system generates...
Persistent link: https://www.econbiz.de/10005696858
Persistent link: https://www.econbiz.de/10005698142
We develop a life-cycle model of optimal retirement and savings behavior under complete markets where retirement is … proportionately, while, contrary to conventional views, reducing savings rates. The retirement age is not simply proportional to … retirement) and higher consumption (lower savings). …
Persistent link: https://www.econbiz.de/10005698410
We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure....
Persistent link: https://www.econbiz.de/10005698414
The policy brief describes the life stories of five people, to show the face of human face of chronic poverty. It also suggests that such life history material can be an important source of data for policies.
Persistent link: https://www.econbiz.de/10005699035
This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies since the early 1990s. [Sixth Asian Economic Policy Review Conference, Tokyo].
Persistent link: https://www.econbiz.de/10005699176