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Macroeconomic Effects of Social Security Privatization in a Small Unionized Economy

Adam, Antonis - 2021

This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...

Persistent link: https://www.econbiz.de/10013318796

Is Subsidy Good or Bad? An Evaluation of the Energy Sector Subsidy Reform in Egypt

Alashaal, Mona - 2015

“Lifting or keeping the subsidy” has been a controversial issue, precisely in Egypt it has always been too “hot to … reforming the subsidy on the entire energy sector to wean it gradually and return to full cost as of 2014, only one phase of … subsidy on all energy sectors as of this year, and the return to full cost by 2013. No further details were officially …

Persistent link: https://www.econbiz.de/10013024095

Total reward in the UK in the public and private sectors

Danzer, Alexander M.; Dolton, Peter J. - 2011

Recent controversy has surrounded the relative value of public and private sector remuneration. We define a comprehensive measure of Total Reward (TR) which includes not just pay, but pensions and other 'benefits in kind', evaluate it as the present value of the sum of all these payments over...

Persistent link: https://www.econbiz.de/10010278521

Total reward in the UK in the public and private sectors

Danzer, Alexander M.; Dolton, Peter J. - 2011

Persistent link: https://www.econbiz.de/10009244041

Total Reward in the UK in the Public and Private Sectors

Danzer, Alexander M. - 2011

Persistent link: https://www.econbiz.de/10013126136

Public Sector Pensions : Rationale and International Experiences

Eich, Frank - 2010

This paper is about public sector pensions, an issue that has become increasingly contentious in a number of countries in recent years, including in the United Kingdom. In the UK the public debate has focussed on the perceived generosity of these pensions, which, it is often claimed, contrasts...

Persistent link: https://www.econbiz.de/10013144535

Public-sector compensation over the life cycle

Gomes, Pedro; Wellschmied, Felix - 2020

The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium life-cycle model with incomplete markets, private and public sectors, and risk-averse workers, and use it to (i) calculate three dimensions of...

Persistent link: https://www.econbiz.de/10012184057

The intergenerational distribution of demographic fluctuations in unfunded and funded pension systems : conference paper

Knell, Markus - 2013

In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...

Persistent link: https://www.econbiz.de/10010341066

When do fiscal consolidations lead to consumption booms? : lessons from a laboratory experiment

Geiger, Martin; Luhan, Wolfgang J.; Scharler, Johann - 2015

According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of savings in anticipation of the consolidation and may...

Persistent link: https://www.econbiz.de/10010509128

Critique of IS-LM : Fiscal Deficits, Loanable Funds, Keynesian Cross and IS-LM

Kim, Bryce - 2014

This paper intends to discuss some problematic properties IS-LM and loanable funds together have when dealing with fiscal deficits. Many others have focused on its assumptions for criticism of IS-LM, but I will mainly focus on its fundamental modelling nature. To say more specifically, I will...

Persistent link: https://www.econbiz.de/10013047058