Showing 1 - 10 of 53
Norway. The new system fulfils several criteria for a defined contribution scheme. Earnings from all years in work count in the accumulation of entitlements, and an actuarial rule converting the final balance into an annuity is introduced. But the pension system will still be a part of the...
Persistent link: https://www.econbiz.de/10011968439
Over the life course members of an insurance system normally will contribute by payments when in working age, and later receive pension benefits as e.g. disabled or old-age pensioners. Total expected discounted contributions from labour market earnings may be compared to the expected discounted...
Persistent link: https://www.econbiz.de/10011968595
This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using cohort, time and sector variation in pension wealth induced...
Persistent link: https://www.econbiz.de/10013480210
Any contribution to a pay-as-you-go pension system may be considered mandatory savings to the extent that it gives a claim to a future benefit. Contributors to the economic literature have argued that an increase in this savings component will lower implicit marginal tax rates, thereby reducing...
Persistent link: https://www.econbiz.de/10011968285
A much higher old-age dependency ratio, together with more generous pension benefits, will lead to a substantial increase in the future public pension expenditures burden in Norway. A pension reform implemented from 2010 will imply a shift to a quasi-actuarial system, seeking to neutralise the...
Persistent link: https://www.econbiz.de/10011968294
The main objective of this paper is to estimate labour supply effects of an early retirement programme in Norway. Detailed administrative data are employed in order to characterize full paths towards retirement and account for substitution from other exit routes, such as unemployment and...
Persistent link: https://www.econbiz.de/10011968487
We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show that the government spending multiplier in the case of a permanent...
Persistent link: https://www.econbiz.de/10013480205
This paper analyses the generation of waste in production processes, based on the physical law of conservation of mass. By this law, mass going into a production process must equal the mass coming out of the same process. The paper uses this mass balance perspective to refine a previously...
Persistent link: https://www.econbiz.de/10011968007
A macro econometric model of the Russian economy is developed, containing 13 estimated equations - covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price...
Persistent link: https://www.econbiz.de/10011968387
We study the role of R&D spillovers when modelling total factor productivity (TFP) by industry. Using Norwegian industry level data, we find that for many industries there are significant spillovers from both domestic sources and from technological change at the international frontier....
Persistent link: https://www.econbiz.de/10012801075