References of "CESifo Economic Studies"
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See detailThe retirement of the migrant labor force: pension portability and beyond
Jousten, Alain ULg

in CESifo Economic Studies (2014)

The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly, many studies of migration’s impact on pensions often focus on aggregate outcomes – ... [more ▼]

The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly, many studies of migration’s impact on pensions often focus on aggregate outcomes – system sustainability or distributive characteristics. The present paper provides a fresh look at the nexus between these two literatures. It discusses the impact of the European social security coordination mechanisms on individual decision-making and on the functioning of social security systems – with a focus on retirement. The paper argues that such effects are non-negligible and are likely to have major policy consequences. [less ▲]

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See detailPolicy Implications of Changing Longevity
Pestieau, Pierre ULg; Ponthière, Grégory

in CESifo Economic Studies (2013), 59(4),

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See detailThe Tax Treatment of Intergenerational Wealth Transfers
Pestieau, Pierre ULg; Cremer, H.

in CESifo Economic Studies (2011)

This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and ... [more ▼]

This article surveys the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design crucially depends on the assumed bequest motives. Alternative bequest motives are thus analyzed either in isolation or combined. [less ▲]

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See detailStochastic Fertility, Moral Hazard, and the Design of Pay-As-You-Go Pension Plans
Pestieau, Pierre ULg; Cremer, H., Gahvari, F.

in CESifo Economic Studies (2011), 57(2), 332348

This article models a two-period overlapping generations economy in the steady state where the realization of the quantity/quality number of children depends on an initial investment in children and on a ... [more ▼]

This article models a two-period overlapping generations economy in the steady state where the realization of the quantity/quality number of children depends on an initial investment in children and on a random shock. It shows that the implementation of the first-best allocation, in which the effort level is publicly observable, requires a subsidy on the investment in children. There should also be full insurance with respect to second-period consumption and pensions must be invariant to the number of children. On the other hand, when investment is unobservable and one cannot subsidize it, the full insurance property goes away. In this case, pensions must be linked positively to the number of children. [less ▲]

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See detailOn the Convergence of Social Protection Performance in the European Union
Lefebvre, Mathieu ULg; Coelli, Tim; Pestieau, Pierre ULg

in CESifo Economic Studies (2010), 56(2), 300-322

In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, <br />education and health) to assess and compare the performance of 15 European <br />welfare states ... [more ▼]

In this article, we use data on five social inclusion indicators (poverty, inequality, unemployment, <br />education and health) to assess and compare the performance of 15 European <br />welfare states (EU15) over a 12-year period from 1995 to 2006. Aggregate measures of <br />performance are obtained using index number methods similar to those employed in the <br />construction of the widely used Human Development Index. These are compared with <br />alternative measures derived from data envelopment analysis methods. The influence of <br />methodology choice and the assumptions made in scaling indicators upon the results <br />obtained is illustrated and discussed. We then analyse the evolution of performance <br />over time, finding evidence of some convergence in performance and no sign of social <br />dumping. [less ▲]

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