Reform and backlash to reform: economic effects of ageing and retirement policy
Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor supp...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2010
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor supply. In order to neutralize the effects on effective labor supply of a fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to increase more than proportionally to fertility changes in order to compensate for endogenous responses of the intensity of labor supply. The robustness of this result is checked against alternative model specifications and calibrations relevant to an economic region such as Europe |
| Beschreibung: | 1 Online-Ressource (21 p) |
| DOI: | 10.1596/1813-9450-5470 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV048264913 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220609s2010 |||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/1813-9450-5470 |2 doi | |
| 035 | |a (ZDB-1-WBA)NLM010325719 | ||
| 035 | |a (OCoLC)1334058022 | ||
| 035 | |a (DE-599)GBVNLM010325719 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Hougaard Jensen, Svend E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Reform and backlash to reform |b economic effects of ageing and retirement policy |c Svend E. Hougaard Jensen |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2010 | |
| 300 | |a 1 Online-Ressource (21 p) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | |a Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor supply. In order to neutralize the effects on effective labor supply of a fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to increase more than proportionally to fertility changes in order to compensate for endogenous responses of the intensity of labor supply. The robustness of this result is checked against alternative model specifications and calibrations relevant to an economic region such as Europe | ||
| 700 | 1 | |a Jorgensen, Ole Hagen |4 oth | |
| 700 | 1 | |a Jensen, Svend E. Hougaard |4 oth | |
| 776 | 0 | 8 | |i Hougaard Jensen, Svend E |a Reform and backlash to reform |
| 856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-5470 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033645107 | |
Datensatz im Suchindex
| _version_ | 1812671722638278656 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Hougaard Jensen, Svend E. |
| author_facet | Hougaard Jensen, Svend E. |
| author_role | aut |
| author_sort | Hougaard Jensen, Svend E. |
| author_variant | j s e h jse jseh |
| building | Verbundindex |
| bvnumber | BV048264913 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)NLM010325719 (OCoLC)1334058022 (DE-599)GBVNLM010325719 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-5470 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zc 4500</leader><controlfield tag="001">BV048264913</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220609s2010 |||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/1813-9450-5470</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)NLM010325719</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1334058022</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM010325719</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hougaard Jensen, Svend E.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Reform and backlash to reform</subfield><subfield code="b">economic effects of ageing and retirement policy</subfield><subfield code="c">Svend E. Hougaard Jensen</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (21 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor supply. In order to neutralize the effects on effective labor supply of a fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to increase more than proportionally to fertility changes in order to compensate for endogenous responses of the intensity of labor supply. The robustness of this result is checked against alternative model specifications and calibrations relevant to an economic region such as Europe</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Jorgensen, Ole Hagen</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Jensen, Svend E. Hougaard</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Hougaard Jensen, Svend E</subfield><subfield code="a">Reform and backlash to reform</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/1813-9450-5470</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033645107</subfield></datafield></record></collection> |
| id | DE-604.BV048264913 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:59:50Z |
| indexdate | 2024-10-12T04:01:05Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033645107 |
| oclc_num | 1334058022 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource (21 p) |
| psigel | ZDB-1-WBA |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Hougaard Jensen, Svend E. Reform and backlash to reform economic effects of ageing and retirement policy |
| title | Reform and backlash to reform economic effects of ageing and retirement policy |
| title_auth | Reform and backlash to reform economic effects of ageing and retirement policy |
| title_exact_search | Reform and backlash to reform economic effects of ageing and retirement policy |
| title_exact_search_txtP | Reform and backlash to reform economic effects of ageing and retirement policy |
| title_full | Reform and backlash to reform economic effects of ageing and retirement policy Svend E. Hougaard Jensen |
| title_fullStr | Reform and backlash to reform economic effects of ageing and retirement policy Svend E. Hougaard Jensen |
| title_full_unstemmed | Reform and backlash to reform economic effects of ageing and retirement policy Svend E. Hougaard Jensen |
| title_short | Reform and backlash to reform |
| title_sort | reform and backlash to reform economic effects of ageing and retirement policy |
| title_sub | economic effects of ageing and retirement policy |
| url | https://doi.org/10.1596/1813-9450-5470 |
| work_keys_str_mv | AT hougaardjensensvende reformandbacklashtoreformeconomiceffectsofageingandretirementpolicy AT jorgensenolehagen reformandbacklashtoreformeconomiceffectsofageingandretirementpolicy AT jensensvendehougaard reformandbacklashtoreformeconomiceffectsofageingandretirementpolicy |