Showing 1 - 10 of 1,434
Past research has suggested that Common Law restrictions may have prevented minors from obtaining oral contraceptives (the pill) without parental consent and that, thus, reductions in the age at which a woman became a legal adult could work through access to the pill to increase incomes,...
Persistent link: https://www.econbiz.de/10015212361
The central purpose of this paper is to introduce a new political economy explanation to modern Social Security Systems. This approach is based on the Single-Mindedness Theory (SMT), which assumes that the more single-minded groups are able to exert a greater power of influence on Governments...
Persistent link: https://www.econbiz.de/10015217813
We show that the introduction of unfunded public pensions in a Cobb-Douglas economy with overlapping generations and endogenous fertility may cause complex economic cycles when individuals are short-sighted. In particular, the risk of cyclical instability increases with both the individual...
Persistent link: https://www.econbiz.de/10015220130
This paper investigates the steady state and dynamical effects of two historical alternatives as a means of old-age insurance – i.e., voluntary intra-family transfers from young to old members versus pay-as-you-go public pensions –, in a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10015220397
In this paper I will introduce a new political economy model, where there exists a competition amongst two political candidates, which aim to set a policy which enables them to win elections, max- imising the probability of winning. I will show that, if taxes neces- sary to repay the debt are...
Persistent link: https://www.econbiz.de/10015221479
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10015221948
The paper examines formation and sustainability of Pay-As-You-Go pension systems within the consequences of the ageing of population. Parametric reforms rather than institutional transformation of Pay-As-You-Go systems into funded pension schemes are advocated. Following the modern theories of...
Persistent link: https://www.econbiz.de/10015225533
This article discusses the future of social protection in Latin America and the challenges the region faces in the three key performance areas: coverage, sufficiency and sustainability. In particular, the article analyses how coverage is strongly determined by the structure of employment; the...
Persistent link: https://www.econbiz.de/10015262193
Using a simple OLG small open economy with endogenous fertility we show that the command optimum can be decentralised in a market setting using both a PAYG transfer from the young (old) to the old (young) and a tax-cum-subsidy (subsidy-cum-tax) policy, to redistribute within the working age...
Persistent link: https://www.econbiz.de/10015220128
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10015223436