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Pensions and Fertility : Back to the Roots -- The Introduction of Bismarck's Pension Scheme and the European Fertility Decline

Fenge, Robert - 2014

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper provides detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our theoretical...

Persistent link: https://www.econbiz.de/10013047746

Pensions and Household Savings : Cross-Country Heterogeneity in Europe

d’Addio, Anna - 2020

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...

Persistent link: https://www.econbiz.de/10012842350

Population Ageing and Public Pension Reforms in a Small Open Economy

Nickel, Christiane; Rother, Philipp C.; … - 2021

This paper aims to address the issue of public pension reforms under demographic ageing that is likely to occur in Europe over the next 50 years. Three possible scenarios are analysed in a Blanchard OLG framework. These include: i) a decrease both in public pensions and the lump sum labour...

Persistent link: https://www.econbiz.de/10013316600

A framework for assessing the costs of pension reform reversals

Baksa, Daniel; Munkacsi, Zsuzsa; Nerlich, Carolin - 2020

Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows us to quantify the macroeconomic and fiscal costs of such reversals. We thereby integrate the...

Persistent link: https://www.econbiz.de/10012422058

Pensions and fertility: back to the roots - The introduction of Bismarck's pension scheme and the European fertility decline

Fenge, Robert; Scheubel, Beatrice - 2014

Persistent link: https://www.econbiz.de/10011605779

A Framework for Assessing the Costs of Pension Reform Reversals

Baksa, Daniel - 2020

Persistent link: https://www.econbiz.de/10012836379

Fiscal sustainability and public debt in an endogenous growth model

Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...

Persistent link: https://www.econbiz.de/10011604441

Personal Income Tax Progressivity and Output Volatility : Evidence from OECD Countries

Attinasi, Maria Grazia; Checherita-Westphal, Cristina D.; … - 2021

This paper investigates empirically the effect of personal income tax progressivity on output volatility in a sample of OECD countries over the period 1982-2009. Our measure of tax progressivity is based on the difference between the marginal and the average income tax rate for the average...

Persistent link: https://www.econbiz.de/10013315980

Pensions and household savings: Cross-country heterogeneity in Europe

D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020

Persistent link: https://www.econbiz.de/10012422034

Public sector efficiency: evidence for new EU member states and emerging markets

Afonso, António; Schuknecht, Ludger; Tanzi, Vito - 2006

In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …

Persistent link: https://www.econbiz.de/10011604627