Narrow search
Showing 1 - 7 of 7
Cover Image
Social Security and Intergenerational Redistribution
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2005
Many countries around the world have large public pension programs with signif-icant cross-cohort redistribution. This paper provides a rationale for such programsin a lifecycle framework with search and matching frictions in the labor market. Inthe model, public pension programs alter the age...
Persistent link: https://www.econbiz.de/10009360849
Cover Image
A Positive Theory of the Income RedistributiveFocus of Social Security
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2003
Many countries around the world have large public pension programs. Traditionally, these programshave been used to induce retirement by the elderly in order to free up jobs for the young andto redistribute income across generations. This paper provides an efficiency rationale for the...
Persistent link: https://www.econbiz.de/10009418930
Cover Image
Aging, Unemployment, and Welfare in a Life-Cycle Model with Costly Labor Market Search
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2003
the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …
Persistent link: https://www.econbiz.de/10009418937
Cover Image
What do Information Frictions do?
Bhattacharya, Joydeep; Chakraborty, Shankha - Iowa State University of Science and Technology <Ames, … - 2003
up a role for institutions, inject realism into their models and examine the impact of these distortions on output and … investment per worker, (ii) the two frictions amplify each other to produce higher long-run unemployment than would result from …
Persistent link: https://www.econbiz.de/10009418938
Cover Image
STOPPING START‐UPS: HOW THE BUSINESS CYCLE AFFECTS ENTREPRENEURSHIP
Li, Yu; Orazem, Peter F.; Jolly, Robert William - Iowa State University of Science and Technology <Ames, … - 2009
. Those results are consistent with additional findings that higher unemployment rates at time of graduation significantly …
Persistent link: https://www.econbiz.de/10009360762
Cover Image
Do Asymmetric Central Bank Preferences Help ExplainObserved Inflation Outcomes?
Doyle, Matthew; Falk, Barry - Iowa State University of Science and Technology <Ames, … - 2006
Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in … propositionthat the volatility of unemployment helps explain inflation outcomes suffers from a spu-rious regression problem. Once this … problem is controlled for, the evidence suggeststhat the volatility of unemployment does not help explain inflation outcomes …
Persistent link: https://www.econbiz.de/10009360871
Cover Image
Labor Market Search and Optimal RetirementPolicy
Bhattacharya, Joydeep; Mulligan, Casey; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2001
A popular view about social security, dating back to its early days of inception, is that it is a means for young, unemployed workers to "purchase" jobs from older, employed workers. The question we ask is: Can social security, by encouraging retirement and hence creating job vacancies for the...
Persistent link: https://www.econbiz.de/10009418941