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There is enormous public confusion (much of it deliberately cultivated) about the extent of Social Security’s projected shortfall. Many policymakers and analysts point out that projections from the Congressional Budget Office and the Social Security Trustees show the program to be out of...
Persistent link: https://www.econbiz.de/10008694896
The current study assesses the effects of immigration control on the welfare of the current and future population of a host economy. A theoretical model of a small open economy populated with overlapping generations of heterogeneous agents is used to show that skillfavouring immigration policies...
Persistent link: https://www.econbiz.de/10010842936
The principal objective of this paper is to discuss shortcomings of the current paradigm of provision of the retirement income. The main conclusion is that in post-industrial society the traditional pension system, a mandatory and comprehensive earnings related scheme, should be replaced by a...
Persistent link: https://www.econbiz.de/10010607109
The aim of this paper is to analyze the impact of ageing on labor and pension income distribution in Mexico under different scenarios of social security coverage. Static and accounting micro-simulations are used to build synthetic populations in 2025 and 2050. The main findings of the work are,...
Persistent link: https://www.econbiz.de/10010607628
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
expansive measures and introduces a measure aiming towards increased fiscal sustainability. The two measures consist of the … pension scheme. Both measures increase the sustainability gap by 10% of GDP and will oppose the fundamental principles of the … retirement which could potentially reduce the pension system’s sustainability gap by half of the initial magnitude. …
Persistent link: https://www.econbiz.de/10012314350
This paper examines the implicit subsidies within pension systems across Latin America and the Caribbean (LAC) region. We first calculate the theoretical benefits of pension for hypothetical workers in 25 countries in LAC. We show that, on average, LAC's pension systems are subsidized, as they...
Persistent link: https://www.econbiz.de/10014545279
The institutional structures of the various types of European welfare state were established around extra revenues called the "demographic dividend" that used to be easily available throughout the decades of the 20st century. They, however, ceased to be available at the end of that century. The...
Persistent link: https://www.econbiz.de/10010118870
We evaluate the impact on youth crime of a welfare reform that tightened activation requirements for social assistance clients. The evaluation strategy exploits administrative individual data in combination with geographically differentiated implementation of the reform. We find that the reform...
Persistent link: https://www.econbiz.de/10012912253
Persistent link: https://www.econbiz.de/10012914087