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cross-dynastic intergenerational altruism, saving for one’s descendants benefits present members of other dynasties. These …
Persistent link: https://www.econbiz.de/10013296272
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public …
Persistent link: https://www.econbiz.de/10010283613
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10013314670
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers … addition to running social security, also funds education of future workers by means of taxes collected from the current ones …. The education tax rates are chosen, in each period, by a majoritarian rule among the relevant constituents. We demonstrate …
Persistent link: https://www.econbiz.de/10010264400
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011522484
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds …
Persistent link: https://www.econbiz.de/10010261311
We study the impact of grandparental retirement decisions on family members’ labor supply and child outcomes by exploiting a Dutch pension reform in a fuzzy Regression Discontinuity design. A one-hour increase in grandmothers’ hours worked causes adult daughters with young children to work...
Persistent link: https://www.econbiz.de/10014081430
—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences … development. It affects human capital through both religious and secular education. It affects population and labor by influencing …
Persistent link: https://www.econbiz.de/10014469796
Can social norms affect fundamental patterns of behavior such as income effects? Studies of determinants of giving to charities and other individuals yield a wide range of income-effect estimates. We conduct two experiments to first test whether the effect of income on charitable giving depends...
Persistent link: https://www.econbiz.de/10012858205
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010264592