We study how family culture affected the initial welfare state design. Our theoretical framework shows that pre-existing institutions — namely inheritance rules — shaped the within family intergenerational transmission of resources. This organization is embedded in the family culture that...

This paper develops an overlapping-generations model with uncertain lifetimes and altruism towards children. The paper characterizes a Markov perfect political equilibrium of voting over two conflicting policy issues, public education for the young and social security for the elderly. The model...

Social Security benefits are currently provided as a lifelong benefit stream, though some workers would be willing to trade a portion of their annuity streams in exchange for a lump sum amount. This paper explores whether allowing people to receive a lump sum as a payment for delayed retirement...

We investigate whether households adjust retirement savings decisions in re-sponse to changes in the means-tested public pension plans. The policy in question lowered the taper rate of the assets test on the age pension in Australia in 2007. We use HILDA, a detailed micro panel data-set for...

This paper exploits the effectively random assignment of judges to Disability Insurance cases to estimate the causal impact of Disability Insurance receipt on labor supply. We find that benefit receipt reduces labor force participation by 26 percentage points three years after a disability...

Mit der Einführung des SGB II im Jahr 2005 hat der Gesetzgeber den Grundsicherungsstellen vor Ort große Spielräume bei der Umsetzung des SGB II und der konkreten Ausgestaltung der Organisation zentraler Leistungsprozesse eingeräumt. Das SGB II hat somit nicht nur zu einem Wettbewerb zwischen...

We examine the effects of a novel political institution, which we call Coalition- Preclusion Contracts, on elections, policies, and welfare. Coalition-Preclusion Contracts enable political parties to credibly commit before the elections not to form a coalition after the elections with one or...

Resumen:Teniendo en cuenta el nuevo esquema de Multifondos en Colombia perteneciente al Régimen de Ahorro Individual, se realizó un análisis mediante la aplicación de herramientas estocásticas y actuariales, con el fin de determinar el momento en el cual un agente (de acuerdo a sus...

Law 715 of 2001 changed the implications associated to the certification within the Colombian health sector. Since its implementation, certified municipalities can only spend their additional resources in the care of the uninsured poor (supply subsidies). Before, said resources could also be...

Abstract: Transfers to women may a?ect their bargaining power within the household and consequently their well-being. We analyze the e?ects of the 2004/2005 pension reform in Argentina, that resulted in an unexpected and substantial increase in permanent income for around 1.8 million women, on...