أعرض تسجيلة المادة بشكل مبسط

dc.creator Conesa, Juan Carlos
dc.creator Garriga, Carlos
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:11Z
dc.date.available 2013-10-16T07:01:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18757
dc.identifier ppn:479280584
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18757
dc.description We examine the optimal policy response to an exogenously given demographic shock. Such a shock affects negatively the financing of retirement pensions, and we use optimal fiscal policy in order to determine the optimal strategy of the social security administration. Our approach provides specific policy responses in an environment that guarantees the financial sustainability of existing retirement pensions. At the same time, pensions will be financed in a way that by construction generates no welfare losses for any of the cohorts in our economy. In contrast to existing literature we endogenously determine optimal policies rather than exploring implications of exogenously given policies. Our results show that the optimal strategy is based in the following ingredients: elimination of compulsory retirement, a change in the structure of labor income taxation and a temporary increase in the level of government debt.
dc.language eng
dc.relation CESifo working papers 1393
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H0
dc.subject E6
dc.subject ddc:330
dc.subject Finanzpolitik
dc.subject Rentenfinanzierung
dc.subject Bevölkerungsökonomie
dc.subject Schock
dc.subject Alternde Bevölkerung
dc.subject Wohlfahrtseffekt
dc.subject Theorie
dc.title Optimal response to a demographic shock
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط