Political economy Archives - Page 20 of 26 - Pension Policy International

27MayMay 27, 2018

The Legality of Public Pension Reforms in Times of Financial Crisis: The Case of Greece

By Dafni Diliagka The first reactions after the outbreak of the Greek financial crisis were pension reforms and pension shortages. The central concern of this book is to provide a legal framework that allows pensioners to file claims. The book gives an overview of the factors that made pension reforms necessary before and after the financial crisis. It also describes the pension reforms and the individual shortages in pension benefits, which have been phased in by the Greek Parliament since...

May 27, 2018

Books, RegulationPolitical economy, Public Policy

27MayMay 27, 2018

Long-Run Trends in the Economic Activity of Older People in the UK

By James W. Banks (Institute for Fiscal Studies; University of Manchester), Carl Emmerson (Institute for Fiscal Studies (IFS)) & Gemma Tetlow (Institute for Fiscal Studies (IFS)) We document employment rates of older men and women in the UK over the last forty years. In both cases growth in employment since the mid 1990s has been stronger than for younger age groups. On average, older men are still less likely to be in work than they were in the mid 1970s...

May 27, 2018

Aging, Articles, Labor Market2018, Income, Political economy

21MayMay 21, 2018

The Aging Population and the Competitiveness of Cities: Benefits to the Urban Economy

By Peter Karl Kresl,‎ Daniele Ietri While much of the current literature on the economic consequences of an aging population focuses on the negative aspects, this enlightening book argues that seniors can bring significant benefits such as vitality and competitiveness to an urban economy.The authors illustrate the ways an aging population can have a positive impact on urban centers, including the move by large numbers of seniors from the suburbs to the city, where their disproportionate consumption of...

May 21, 2018

Aging, Books, Labor MarketPolitical economy

14MayMay 14, 2018

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

By Axel H. Börsch-Supan (Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)), Klaus Härtl (Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)), Duarte Nuno Leite (Max Planck Institute for Social Law and Social Policy; Universidade do Porto - CEF.UP - Center for Economics and Finance at UP) & Alexander Ludwig (Goethe University Frankfurt - Research Center SAFE; University of...

May 14, 2018

Articles, Pension design, Regulation2018, Political economy, Reforms

23AprApril 23, 2018

Implications of Behavioural Economics for Mandatory Individual Account Pension Systems

By Waldo Tapia & Juan Yermo In individual account pension systems, members bear the risks and consequences of their investment decisions. If participants behave as predicted by economic theory, such responsibility would be welfare enhancing as members would invest and hold a portfolio of financial assets with a risk-return combination consistent with their investment horizon, degree of risk aversion and the portfolio of other assets they hold, including their human capital and, where relevant, their home. Behavioural economists and empirical...

April 23, 2018

Investing, Labor Market, SavingsBehavior, Political economy

09AprApril 9, 2018

Faulty Transmissions: Howe Demographics Affect Monetary Policy in Canada

By Steve Ambler (University of Quebec at Montreal (UQAM) - Centre de recherche sur l'emploi et les fluctuations économiques (CREFÉ)) & Jeremy Kronick (C.D. Howe Institute) Over the past decade, inflation in many countries has been tepid, despite rock-bottom interest rates and different forms of unconventional stimulative monetary policy, including quantitative easing. For its part, Canada has averaged 1.5 percent inflation over this period, below the 2 percent target. This Commentary asks what role demographics, in particular an aging population,...

April 9, 2018

Articles, Labor Market2018, Political economy

09AprApril 9, 2018

The Relation Between the Migration, Population Aging, Labor Force Productivity and Economic Growth: An Analysis for Bulgaria

By Hamit Can (Technical University of Sofia) & Venelin Terziev (Vasil Levski National Military University; University of Ruse) In this study, the relationship between population, elderly population and economic growth is analyzed theoretically, taking into account the demographic change of the Bulgarian population and the more aging phenomenon. Thus, the change in the age structure of the Bulgarian population was investigated and the factors affecting the growth of the relationship between economic growth were investigated. Developed countries are trying to...

April 9, 2018

Aging, Articles, Labor Market, System Sustainability2018, Political economy, Regulation

Pensions: More Information, Less Ideology : Assessing the Long-Term Sustainability Ofeuropean Pension Systems : Data Requirements, Analysis and Evaluations

By Tito Boeri,‎ Axel Borsch-Supan,‎ Agar Brugiavini,‎ Richard Disney,‎ Arie Kapteyn &‎ Franco Peracchi Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself...

April 2, 2018

Books, Pension design, System SustainabilityPolitical economy, Regulation

02AprApril 2, 2018

Political Preferences and the Aging of Populations: Political-economy Explanations of Pension Reform

By Oliver Pamp Oliver Pamp analyzes the likelihood and extent of pension reforms from a political-economy perspective. It is shown that voters preferences for or against reforms are influenced by a societies demographic development, the generosity of its existing public pension scheme and its electoral system. The author extensively reviews existing formal models of pension systems, discusses their merits and limitations, and develops a three-period overlapping generations model. The models insights regarding individual reform preferences are then put into the...

April 2, 2018

Aging, Books, System SustainabilityPolitical economy, Public Policy, Reform

19FebFebruary 19, 2018

Political Viability of Intergenerational Transfers. An Empirical Application

By Gianko Michailidis (University of Barcelona) & Concepcio Patxot (University of Barcelona - Department of Economic Theory) Public intergenerational transfers (IGTs) may arise because of the failure of private arrangements to provide optimal economic resources for the young and the old. We examine the political sustainability of the system of public IGTs by asking what the outcome would be if the decision per se to reallocate economic resources between generations was put to the vote. By exploiting the particular nature...

February 19, 2018

Aging, Articles, Labor Market, Pension design2018, Funding, Political economy, Public Policy

May 2018

The Legality of Public Pension Reforms in Times of Financial Crisis: The Case of Greece

Long-Run Trends in the Economic Activity of Older People in the UK

The Aging Population and the Competitiveness of Cities: Benefits to the Urban Economy

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

April 2018

Implications of Behavioural Economics for Mandatory Individual Account Pension Systems

Faulty Transmissions: Howe Demographics Affect Monetary Policy in Canada

The Relation Between the Migration, Population Aging, Labor Force Productivity and Economic Growth: An Analysis for Bulgaria

Pensions: More Information, Less Ideology : Assessing the Long-Term Sustainability Ofeuropean Pension Systems : Data Requirements, Analysis and Evaluations

Political Preferences and the Aging of Populations: Political-economy Explanations of Pension Reform

February 2018

Political Viability of Intergenerational Transfers. An Empirical Application