Results 281 to 290 of about 1,317,367 (333)

Human capital and pensions with endogenous fertility and retirement

Macroeconomic Dynamics, 2023
AbstractWe study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of the planned economy is compared to the decentralized competitive equilibrium deriving optimal policies. We show that in the presence of a PAYG pension system, the optimal policy mix includes an education subsidy and a subsidy for
Tamara Fioroni, Giam Pietro Cipriani
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Pensions and Capital Structure

North American Actuarial Journal, 2004
Abstract This paper considers the pension plan as part of the capital structure of the sponsoring employer. This enables lessons from financial theory concerning capital structure to be used to answer the question, “What assets should a pension fund hold?” The standard Modigliani-Miller framework is expanded on to consider the implications of corporate
John Ralfe, Cliff Speed, Jon Palin
openaire   +1 more source

Pension Funds And Capital Market Development

Policy Research Working Papers, 2008
Claudio Raddatz, Sérgio L Schmukler
exaly   +2 more sources

Earnings related pension schemes and human capital formation

, 2015
In this paper, I show that traditional earnings related pay-as-you-go pension systems as we see them in many OECD countries subsidize human capital formation.
F. Kindermann
semanticscholar   +2 more sources

Working Life and Human Capital Investment: Causal Evidence from Pension Reform

Social Science Research Network, 2019
This paper presents a life-cycle model with human capital investment during working life through training and provides a novel empirical test of human capital theory.
Niklas Gohl, P. Haan, Elisa Kurz, Felix Weinhardt   +3 more
semanticscholar   +1 more source

Pension Fund Capitalism

Annals of the Association of American Geographers, 2003
Gordon Clark. New York: Oxford University Press, 2000. xvii and 342 pp., diags., notes, and index. $65.00 cloth (ISBN 0-19-924047-7); $29.95 paper (ISBN 0-19-924048-5).
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Capitalization of the pension system as the main direction of pension reform in Ukraine

Sociology – Social Work and Social Welfare: Regulation of Social Problems (Lviv, May 18–19, 2023): Proceedings of The XIII International Scientific Conference, 2023
Background: The economic and demographic crises burdened by the war create a significant social problem that concerns the pension provision of Ukrainian citizens. In addition, it should be taken into account that 40% of the Pension Fund's expenses are covered by transfers from the state budget.
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Pension systems in integrated capital markets

Topics in Economic Analysis & Policy, 2001
Abstract The paper studies the effects on factor prices and welfare of the integration in a perfect world capital market of countries that differ in the degree of funding of their pension systems. It focuses on two large economies running respectively a pay-as-you-go and a fully funded pension system and it first analyzes the open ...
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Pension Funding and Human Capital

SSRN Electronic Journal, 2011
In this paper we analyze the consequences of pension funding in a general equilibrium model of both formal schooling decisions and on-the-job human capitalformation a la Heckman, Lochner and Taber (1998). Our focus lies on the distortive and redistributive effects of a Bismarckian pension system as well as the macroeconomic and welfare consequences of ...
openaire   +1 more source

Internal Capital and Investment: Evidence from 2012 Pension Relief*

Contemporary Accounting Research, 2014
We exploit pension funding relief enacted in 2012 to estimate the effects of a positive shock to internal liquidity on market prices and investment.
Thomas R. Kubick, G. B. Lockhart, John R. Robinson   +2 more
semanticscholar   +1 more source