منابع مشابه
Farmers' pensions and the Polish economic crisis.
The Polish Government, in 1977, inaugurated a new pension program that made old-age and invalidity benefits available for the first time to most farmers in that country. The evolution and eventual failure of that program were closely intertwined with a growing national economic crisis, manifested in widespread popular unrest and culminating in emergence of the Solidarity movement. The farmers' ...
متن کاملPensions , Labor Market Participation , and Economic Growth
This paper analyses a model of overlapping generations in which agents who do not participate in the labor market are unable to borrow. Thus an increase in a fully funded pension raises aggregate savings even with a fixed participation rate since private savings are not crowded out one-for-one. When labor force participation is determined endogenously, a rise in the level of fully funded pensio...
متن کاملFunded Pensions, Labor Market Participation, and Economic Growth
This paper analyses a model of overlapping generations in which agents who do not participate in the labor market are unable to borrow. Thus an increase in a fully funded pension raises aggregate savings even with a fixed participation rate, since private savings are not crowded out one-for-one. When labor force participation is determined endogenously, a rise in the level of fully funded pensi...
متن کاملInvestigating Economic Trends and Cycles
Methods are described for extracting the trend from an economic data sequence and for isolating the cycles that surround it. The latter often consist of a business cycle of variable duration and a perennial seasonal cycle. There is no evident point in the frequency spectrum where the trend ends and the business cycle begins. Therefore, unless it can be represented by a simple analytic function,...
متن کاملCommon cycles and economic uctuations
In this paper we analyze both theoretically and empirically the identifying restrictions on the impulse response functions, implied by the presence of common trends and common cycles. The notion of a complete set of common cycles is exploited to provide a data{dependent orthogonalization of disturbances, keeping separate the contribution to the permanent and transitory components of economic uc...
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ژورنال
عنوان ژورنال: Public Finance Review
سال: 2011
ISSN: 1091-1421,1552-7530
DOI: 10.1177/1091142111422435