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ex ante identical households and the no-risk case with heterogeneous abilities come out as special cases …
Persistent link: https://www.econbiz.de/10013117794
Persistent link: https://www.econbiz.de/10011760477
In this fascinating new field, this paper offers some reflections on portability of social benefits, and tries to identify promising research topics. These reflections are organized in three sections. The first analyzes the channels that underpin the positive value of portability of social...
Persistent link: https://www.econbiz.de/10013064652
augment the standard overlapping generations model with idiosyncratic labor productivity and longevity risk in that we account … be almost exclusively attributed to the insurance role of the family with respect to longevity risk. Since a married … small, marriage serves as an insurance device against longevity risk for the surviving partner …
Persistent link: https://www.econbiz.de/10013000821
This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...
Persistent link: https://www.econbiz.de/10013157190
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole, this paper focuses more specifically on how Social Security affects the poor. This question is important because a Social Security program that reduces overall inequality by...
Persistent link: https://www.econbiz.de/10012763992
We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...
Persistent link: https://www.econbiz.de/10012768260
We model an overlapping-generations economy with two skill levels: skilled and unskilled. The welfare-state is modeled simply by a proportional tax on labor income to finance a demogrant in a balanced-budget manner. Therefore, some (the unskilled workers and old retirees) are net beneficiaries...
Persistent link: https://www.econbiz.de/10013146334
This paper examines the portability of social protection (old-age, retirement, and survivor benefits) in East Asia, particularly in the Association of Southeast Asian Nations (ASEAN), and analyzes possibilities for bilateral or multilateral cooperation in social security. It discusses evidence...
Persistent link: https://www.econbiz.de/10013315869
The current unemployment insurance and employment protection legislation were set up in an environment in which relationships between workers and firms were typically long-lasting and stable. The increasing globalisation of the economy and the rapid technological and organisational changes...
Persistent link: https://www.econbiz.de/10013316370