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Demographic changes and the implicit tax rate in a pay-as-you-go pension system

Kifmann, Mathias; Schindler, Dirk - 2000

Persistent link: https://www.econbiz.de/10013436070

From pensions to pupils? : schooling, resource constraints and old age pensions in Ireland 1901-11

Heaney, Tiarnán - 2024

A large literature argues that resource constraints inhibit human capital accumulation. We test this hypothesis using the introduction of the Old Age Pension in Ireland in 1908, evaluating its spillover on school enrolments within multigenerational households. Exploiting the OAP's age-based and...

Persistent link: https://www.econbiz.de/10015078720

Demographic dynamics and long-run development : insights for the secular stagnation debate

Cervellati, Matteo; Sunde, Uwe; Zimmermann, Klaus F. - 2016

This paper takes a global, long-run perspective on the recent debate about secular stagnation, which has so far mainly focused on the short term. The analysis is motivated by observing the interplay between the economic and demographic transition that has occurred in the developed world over the...

Persistent link: https://www.econbiz.de/10011537253

Policies to support sustainable long-term growth in New Zealand

Cheung, Calista - Economics Department, Organisation de Coopération et … - 2013

As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...

Persistent link: https://www.econbiz.de/10011276855

Demographic Dynamics and Long-Run Development : Insights for the Secular Stagnation Debate

Cervellati, Matteo - 2016

Persistent link: https://www.econbiz.de/10012982607

Productive Employment and Empowering Education: An Agenda for India’s Youth

Jha, Raghbendra - Crawford School of Public Policy, Australian National … - 2014

Until very recently and despite human capital’s pre-eminent and empirically established contribution to economic growth, Indian policymakers planning for economic development concentrated largely on issues of capital, labour and, to a lesser extent, technology. This paper argues that India’s...

Persistent link: https://www.econbiz.de/10011170336

Aggregate Risks, Intergenerational Risk-Sharing and Fiscal Sustainability in the Finnish Earnings-Related Pension System

Lassila, Jukka - 2018

same benefit rules but no funding. Smoothing is affected by the revisions in long-term forecasts and is thus imperfect. In … addition, variation in asset yields often cause clashes with solvency limits. We find that funding results in more varying … contributions over time than would be the case without funding. Concerning generational equity, young generations benefit from …

Persistent link: https://www.econbiz.de/10012037610

Redistributive effects of the US pension system among individuals with different life expectancy

Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2017

We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium...

Persistent link: https://www.econbiz.de/10011625626

Redistributive effects of different pension structures when longevity varies by socioeconomic status in a general equilibrium setting

Sanchez-Romero, Miguel; Lee, Ron; Fürnkranz-Prskawetz, … - 2019

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/10012099190

The impact of reducing the pension generosity on inequality and schooling

Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019

In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality. We develop an overlapping generations model in which individuals differ by their life expectancy and in the cost of attending schooling. Individuals optimally choose...

Persistent link: https://www.econbiz.de/10012142180