The public–private pension mix in OECD countries

Evidence from OECD Countries

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, the...

Global Budgeting in the OECD Countries

Many of the Organization for Economic Cooperation and Development countries use global budgeting to control all or certain portions of their health care expenditures. Although the use of global budgets as a cost-containment tool has not been implemented in the United States in any comprehensive way, recent health care reform initiatives have increased the need for research into such tools. In g...

Common Cycles Across OECD Countries

The strong correlation between Australian and US output growth over the last two decades has been widely documented and analysed. What has always been difficult to understand is the source of this correlation, particularly since the extent of Australia’s integration with the US economy is no greater in many respects than with other countries. A recent research project within the Economic Resear...

Mutually Canceling Social Forces in Welfare States : Public Pension Generosity in OECD countries , 1980 - 2002 Chapter 4

Social assistance in nine OECD countries

As a form of social security, means-tested social assistance has acquired an increasing importance in the comparative literature on welfare states. Although there is a growing number of international and comparative studies of East Asian social policy, relatively little attention has been paid to social assistance schemes in this region. This paper makes an effort to step into some of the gaps....