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Dobrescu, Loretti I. - 2008

National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...

Persistent link: https://www.econbiz.de/10012464049

Assessing job flows across countries : the role of industry, firm size and regulations

Haltiwanger, John C. - 2008

"This paper analyzes job flows in a sample of 16 industrial and emerging economies over the past decade, exploiting a harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large fraction in the overall variability in job flows....

Persistent link: https://www.econbiz.de/10010521324

Assessing Job Flows Across Countries : The Role of Industry, Firm Size and Regulations

Haltiwanger, John - 2008

This paper analyzes job flows in a sample of 16 industrial and emerging economies over the past decade, exploiting a harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large fraction in the overall variability in job flows....

Persistent link: https://www.econbiz.de/10012464727

Opting Out of Social Security and Adverse Selection

Kotlikoff, Laurence J. - 1998

This paper compares two general methods of privatization social security: forced participation in the new privatized … payroll tax rate is better at shifting the burden to future workers who benefit from privatization …

Persistent link: https://www.econbiz.de/10012472378

Social Security : Privatization and Progressivity

Kotlikoff, Laurence J. - 1998

compares achieving progressivity as part of privatization reform by a) providing a pay-as-you-go-financed minimum benefit to …. Maintaining this liability limits the effect of privatization on saving and capital accumulation. Second, the tax financing the …

Persistent link: https://www.econbiz.de/10012472380

Simulating the Privatization of Social Security in General Equilibrium

Kotlikoff, Laurence J. - 1996

alternative privatization schemes using the Auerbach-Kotlikoff Dynamic Life-Cycle Model. The simulations indicate three things … long-run gains from privatization are larger if privatization redistributes resources from initial to future generations …, the pure efficiency gains from privatization are also substantial. Efficiency gains refers to the welfare improvement …

Persistent link: https://www.econbiz.de/10012473058

Privatization of Social Security : How It Works and Why It Matters

Kotlikoff, Laurence J. - 1995

effects of privatizing social security, and a simple privatization proposal, the Personal Security System, to discuss other … issues associated with privatization. According to the AK Model, privatizing social security can create major long … compensated for losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, linkage …

Persistent link: https://www.econbiz.de/10012473540

The Dynamics of an Aging Population : The Case of Four OECD Countries

Auerbach, Alan J. - 1989

Demographic changes, such as those anticipated in most OECD countries, have many economics effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labor ratios and the welfare and behavior of different generations requires the use of a...

Persistent link: https://www.econbiz.de/10012476222

Annuity Markets, Savings, and the Capital Stock

Kotlikoff, Laurence J. - 1983

This article examines how the availability of annuities affects savings and inequality in economies in which neither private nor public pensions initially exist. The absence of widespread market or government annuity insurance is clearly descriptive of many less developed countries in the world...

Persistent link: https://www.econbiz.de/10012477847

Comparing the Economic and Conventional Approaches to Financial Planning

Gokhale, Jagadeesh - 1999

The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...

Persistent link: https://www.econbiz.de/10012471463