Essays On Social Security Reform And Savings
DOWNLOAD
Download Essays On Social Security Reform And Savings PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Social Security Reform And Savings book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Social Security Reform And Savings
DOWNLOAD
Author : Carlos Serrano
language : en
Publisher:
Release Date : 1998
Essays On Social Security Reform And Savings written by Carlos Serrano and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Old age pensions categories.
Social Security
DOWNLOAD
Author : Peter J. Ferrara
language : en
Publisher: Cato Institute
Release Date : 1985
Social Security written by Peter J. Ferrara and has been published by Cato Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Political Science categories.
Based on papers presented at a conference held by the Cato Institute in Washington, D.C., in June 1983. Includes bibliographical references.
Social Security Reform
DOWNLOAD
Author : Steven A. Sass
language : en
Publisher:
Release Date : 1997
Social Security Reform written by Steven A. Sass and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Saving and investment categories.
Contains nine essays and 13 discussions on reform of social security and its effect on saving in the United States. Discusses defined benefit and contributions plans and individual retirement accounts as methods for retirement saving as well as forms of investment for pension funds. Includes a paper on the likely impact of social security reform on labour supply.
Essays On Social Security Reform
DOWNLOAD
Author : Wade Donald Pfau
language : en
Publisher:
Release Date : 2003
Essays On Social Security Reform written by Wade Donald Pfau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Three Essays On Social Security Reform And Education In Brazil
DOWNLOAD
Author : Sérgio Augusto Guimarães Ferreira
language : en
Publisher:
Release Date : 2001
Three Essays On Social Security Reform And Education In Brazil written by Sérgio Augusto Guimarães Ferreira and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Essays On Public Policy And Financial Economics From A Macroeconomics Perspective
DOWNLOAD
Author : Dung Nguyen
language : en
Publisher:
Release Date : 2012
Essays On Public Policy And Financial Economics From A Macroeconomics Perspective written by Dung Nguyen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Economics categories.
ABSTRACT: This dissertation consists of three essays. The first two essays (i.e., Chapter 2 and Chapter 3) examine the effects of raising the retirement age on the life cycle behaviors of individuals and its implication on the social security budget. The third essay (i.e., Chapter 4) is an empirical study, which tests the hypothesis of investors' overreactions when trading neglected stocks. The first essay examines the impact of raising the retirement age on the saving and working behaviors of older individuals, and the associated impact on the social security budget. Its results indicate that the reform would result in a 50% reduction in the social security budget deficit. In terms of behavioral responses, we find that: (1) individuals respond to the reform by saving more progressively during the period prior to retirement (i.e., from their early 40s to age 62), while supplying more working hours during the retirement period (i.e., ages 62 and older). The intensity of the saving and working hour responses critically depend on the assumption of the efficiency indexes of the elderly- the lower (higher) the efficiency index, the more intense the saving (working hours) response; (2) there is an upward shift in the working hour profile of individuals as a result of raising the retirement age. Once again, the distance of the shift increases with values of the elderly efficiency index; (3) we find a decrease in the participation rate of elderly individuals age 62-80 in versions where the estimated efficiency index of the elderly is relatively low. The second essay focuses on examining the life-cycle behavior responses of individuals with different skill levels to the raising of the retirement age reform. We find that individuals with different educational attainment respond differently to the reform. Specifically, individuals with lower-than-average education respond to the policy change with a significant upward shift in the working hour profile, a higher participation rate, and an aggressive retirement saving motive. On the other hand, individuals with higher-than-average education mainly deal with the policy change by a higher saving rate and/or a lower rate of decumulating their assets in the retirement period. More importantly, the participation rate in the retirement period among these individuals is actually lower than before the policy change. Secondly, our findings suggest that disadvantaged individuals (e.g., those with a low education level) are the ones who are heavily affected by the policy reform in terms of a bigger consumption reduction, a more intense labor supply response, and a higher contribution to the social security budget. Finally, we find a small increase in the average labor productivity associated with the policy change. However, by educational attainment, we find evidence which suggests a decrease in labor productivity among individuals with below-average educational attainment (i.e., those with a high school degree or lesser), and an increase in labor productivity among those with above-average educational attainment (i.e., those with a college degree or higher). The third essay is an empirical study, which tests the hypothesis of investors' overreaction when trading stocks with limited information, such as neglected stocks. Specifically, we design a fundamental scoring method (called NSCORE) and apply it to the neglected stock universe. We also apply this method to the most-watched stock universe (called WSCORE). Our results show that the annualized returns of a monthly-rebalancing investment strategy which buys the top 100 NSCORE and sells the bottom 100 NSCORE is 26.31% for the period from the beginning of 1985 to the end of 2009. By contrast, when applying the same screening method to the most-watched stocks universe during the same time period, the annualized returns of the same investment strategy dropped to about half. This evidence clearly demonstrates the effectiveness of using financial statement data to identify winners and losers among neglected stocks as a result of investors' overreaction. We also find that the returns difference between top and bottom neglected stocks tends to persist for a long time. Specifically, the return difference between the top 100 NSCORE and the bottom 100 NSCORE can last up to 36 months (3 years). On the other hand, the returns difference among most watched-stocks tends to generally disappear after 12 months (1 year). Our comprehensive sensitivity tests confirm that our findings are not subject to well-known anomalies such as the size, book-to-market, and illiquidity effects.
Essays On Retirement And Medicare Policy
DOWNLOAD
Author : Jonathan Michael Leganza
language : en
Publisher:
Release Date : 2021
Essays On Retirement And Medicare Policy written by Jonathan Michael Leganza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
This dissertation is comprised of three freestanding chapters, each of which studies a policy-motivated question related to the economics of aging. The first two chapters provide new evidence from Denmark on how social security policy impacts retirement, labor supply, and savings decisions of older workers, and the last chapter evaluates a U.S. Medicare policy that aims to improve access to healthcare for older Americans. Chapter 1 studies how the provision of public pension benefits impacts private savings. We use administrative data and a regression discontinuity design to identify the causal effects of a Danish reform that increased social security eligibility ages. We find no evidence of anticipatory savings responses after the announcement of the reform, whereas we find large increases in savings in retirement accounts when delayed benefit eligibility induces extended employment. The evidence suggests inertia is a leading mechanism: individuals continue to work and continue to save, and we show how employer default contribution rate policies mediate responses to the national reform. Chapter 2 studies how social security influences joint retirement of couples. We first document joint retirement behavior around the early pension eligibility age in Denmark: we show that spouses are discontinuously more likely to retire when their partners first become eligible for social security benefits. We then explore underlying mechanisms and find age differences within couples to be crucial determinants of joint retirement behavior, which is primarily driven by older spouses continuing to work until their younger partners reach pension eligibility age. Chapter 3 studies a U.S. Medicare policy that delivers bonus payments to physicians for practicing in areas with few doctors per capita. Using several sources of data from the Centers for Medicare and Medicaid Services and a matched difference-in-differences design, we find that counties designated as official shortage areas experience an increase in the number of early-career primary care physicians. However, we find no evidence that later-career physicians respond to shortage area designations, and we highlight how targeting bonus payments towards newer physicians may thus improve the effectiveness and cost-efficiency of the policy.
An Essay On Economic Reforms And Social Change In China
DOWNLOAD
Author : Assar Lindbeck
language : en
Publisher: World Bank Publications
Release Date : 2006
An Essay On Economic Reforms And Social Change In China written by Assar Lindbeck and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Agriculture categories.
Abstract: The author applies a systems-oriented "holistic" approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services.
Privatizing Social Security
DOWNLOAD
Author : Martin Feldstein
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Privatizing Social Security written by Martin Feldstein and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Political Science categories.
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Would Saving U S Social Security Raise National Saving
DOWNLOAD
Author : Mr.Jan Walliser
language : en
Publisher: International Monetary Fund
Release Date : 1999-07-01
Would Saving U S Social Security Raise National Saving written by Mr.Jan Walliser and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-07-01 with Business & Economics categories.
Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses. The paper outlines the difficulties involved in making those comparisons, which arise from the unsustainability of the current social security system and the uncertainty regarding the use of projected budget surpluses. Building on previously developed arguments, it discusses three typical reform plans and also draws some conclusions about the relationship between social security reform and the long-run sustainability of fiscal policy.