This does not only impose welfare costs on the population, but also has important wealth accumulation and portfolio choice consequences. Social Security rules have changed constantly since its creation, generating different outcomes across cohorts, race and gender. Using the history of policy changes, estimates of the potential welfare costs to the US population are presented. A look at the history of social security in the US and Germany provides substantial evidence of policy risk in their pay-as-you-go systems. This book also explore the effects of policy risk on wealth accumulation, both looking at the effects the 1984 social security reform in the US could have had on individuals' wealth accumulation, as well as using aggregate data to estimate the impact of social security wealth and risk on savings. The evidence obtained suggests that there is an important substitution between social security wealth and financial wealth, and that people exposed to larger policy uncertainties accumulate more financial wealth. Results imply that accounting for policy risk greatly improves our understanding of the real effects of retirement programs.
Social Security and Policy Risk. Evidence of its Effects on Welfare Costs and Savings
|Формат:|| Страниц 112|
Книга по Требованию
политика протекционизма экономики Украины
Родился в польском городе Вроцлаве (прежнем немецком Бреслау). После того как родители переехали в Австралию, Корден закончил Мельбурнский университет. Защитив в 1961 г. докторскую диссертацию по международной экономике, начал карьеру профессора крупнейших университетов мира, в числе которых Мельбурнский известный своими традициями в изучении международной торговле, Австралийский государственный, Оксфордский (Великобритания), Университет Джона Гопкинса, Калифорнийский, Принстонский, Гарвардский (США). В 1977-1980 гг. Корден избирался президентом экономического общества Австралии и Новой Зеландии. В 1986-1988 гг. работал старшим советником МВФ. В числе трудов, которые принесли Кордену известность и признание в научных кругах, - «Теория протекционизма» ( he heory of Pro ec io , 1971), «Торговая политика и экономическое благосостояние» ( rade Policy a d Eco omic Welfare,), «Инфляция, валютные курсы и мировая экономика» (I fla io , Excha ge Ra es a d he World Eco omy,1977), «Протекционизм, рост и торговля». Эти и многие другие его труды составили теоретическую базу анализа международной торговой политики, проводимого в Мировом банке и МВФ. Роль государства в международной торговле.
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In this regard, three processes could be envisaged: a) Institutional, b) Strategic, c) Consensual. These processes may enable us capture patterns through which actors interact, choose, reject and accept policy options. These forms of interaction do not only inform policies, but also determine the nature of established policies. These patterns are not absolute in themselves, but together, they led to the twenty four policy proposals for reforming the social security and pensions sector in Uganda. This work provides powerful insights for public sector reformers, decision making analysts, graduate-level students, social security and pensions organisations, social security and pension reform consultants and scholars, as well as other professionals interested in decision analysis and pension reforms. It analyses decision making and suggests that the mode of interaction between various actors affects the outcome and the nature of policy options. This book departs from traditional decision analysis based on game theory and decision trees and addresses how policy proposals are made in the public arena, with reference to the social security reform process in Uganda.
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In this study the author has analyse the different schemes and National policies for women and child in India and there effects on society.
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