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作者：Papke, LE
作者单位：Michigan State University
摘要：Workers with individual retirement saving accounts often make decisions about contribution rates and asset allocation that affect ultimate retirement income. This paper presents econometric evidence from two data sets on the role that participant investment choice plays in asset allocation, contributions, and account balances. My preferred estimates indicate that participants with investment choice are 36 percent more likely to make an annual contribution. These participants are estimated to i...
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作者：Leers, T; Meijdam, L; Verbon, HAA
作者单位：Tilburg University; Tilburg University
摘要：This paper analyses migration behaviour of mobile workers in reaction to population ageing. We show that the conventional wisdom that a decrease in fertility will lead to a rise in wages, and thus to an inflow of immigrants that mitigates the adverse effects of ageing on public pensions, may not hold if labour is heterogeneous. Moreover, we demonstrate that if public pensions are endogenous, i.e., if ageing leads the elderly to successfully lobby for higher taxes, it may take several generatio...
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作者：Blumkin, T; Sadka, E
作者单位：Tel Aviv University
摘要：In this paper we examine the properties of the optimal estate tax in the presence of a complete set of tax instruments available to the social planner. We allow for both types of bequest motives, namely altruistic and accidental. We examine the case for estate taxation which seems to be the strongest (but not impeccable) with accidental bequests. In general, the estate tax is highly sensitive to the relative importance of the two bequest motives. (C) 2002 Elsevier B.V All rights reserved.
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作者：Beltrametti, L; Bonatti, L
作者单位：University of Genoa; University of Milano-Bicocca; University of Trento
摘要：Within an OLG framework we study a perfectly balanced Pay-As-You-Go (PAYG) pension scheme: in spite of its depressive impact on national saving, PAYG is implemented for operating intergenerational transfers. With international capital mobility, the national adoption of PAYG determines a spill-over effect through the world capital stock. This creates a situation of interdependence among national pension policies, that we model as a n-countries dynamic game. In contrast with previous literature,...
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作者：Poutvaara, P
摘要：According to conventional wisdom, intergenerational transfers can survive, in the absence of altruism, only if the old are net recipients. I prove that this need not hold in an overlapping generations model with a fixed factor. For example, the middle-aged owning land may gain by providing public education even when they cannot tax the young and when the young face no credit market constraints. This requires that labor is not mobile. Furthermore, establishing public education may benefit only ...
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作者：Monheit, AC; Schone, BS
作者单位：Agency for Healthcare Research & Quality; Rutgers University System; Rutgers University New Brunswick; Rutgers University Biomedical & Health Sciences
摘要：In the early 1990s, over 40 states passed legislation designed to limit a number of exclusionary practices by insurers in the small group market in order to improve the availability and affordability of health insurance to employees in small firms. In this paper, we address the effects of reform on the likelihood that workers are offered insurance, have employment-based coverage, or are policyholders of an employment-based plan. We use differences-in-differences (DD) and differences-indifferen...
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作者：Besfamille, M
作者单位：Universidad Torcuato Di Tella
摘要：This paper studies local public works decisions in a hierarchical setting under bidimensional asymmetric information. A local authority plans to undertake a public work and delegates its construction to a firm. The federal government decides whether to fund the project, without being informed of either the project's benefit or the constructor's efficiency. The local authority knows these values. To deal with this informational gap, the federal government designs a public work contract, specify...
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作者：Laffont, JJ; Pouyet, J
作者单位：Universite PSL; Ecole des Hautes Etudes en Sciences Sociales (EHESS); Universite de Toulouse; Universite Toulouse 1 Capitole; Centre National de la Recherche Scientifique (CNRS)
摘要：We study the choice of the regulatory structure when a firm engages in different activities for different countries. Under decentralization regulatory contracts suffer from two opposite distortions: the competition between regulatory authorities leads to too high-powered contracts; however, with a dispersed ownership structure, contracts tend to be too low-powered. For sufficiently substitutable activities, decentralization always leads to an inefficient drift towards fixed-price contracts. No...
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作者：Long, M
作者单位：George Washington University
摘要：Federal college financial aid imposes an implicit tax on asset accumulation, which reduces the incentive for families to save. Prior literature has found evidence of large reductions in asset accumulation as a result. This paper finds that these conclusions are over-estimated and are sensitive to the assumptions used in estimating the implicit tax rate. Additionally, the 1992 exemption of home equity and other changes in federal policy have substantially eliminated the savings disincentive for...
