Financial markets, ageing and social welfare

Article Abstract:

Demographic changes over a period have significant economic impact on various parts of developed economies such as Germany, UK, and the US. Two specific outcomes can be established from these changes. Firstly, considerable fluctuations can be expected in private savings over the next fifty years as a result of shifts in population of the aged over 65. Secondly, unfunded state pension plans may have an integral part in incomplete financial markets where cross-generational risk-sharing is welfare-enhancing.

Public Finance Activities, Fiscal Policy, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Social Security, United Kingdom, Financial markets, Social services, Social service, Welfare economics, Demographic transition, Old age assistance, Age distribution (Demography)

---

The marginal cost of public funds in closed and small open economies

Article Abstract:

The efficiency ranking of different taxes varies in closed and small open economies. In small open economies, the distortions from taxation tend to be highest for wage taxes and lowest for corporate taxes mainly because of a severed link between investment and domestic saving. Factors such as changes in depreciation levels and payments to foreigners also contribute to less distortions in corporate taxes. On the other hand, the reverse is true in closed economies.

Corporate income taxes, Taxation

---

Similar abstracts:

• Abstracts: Consumption and saving behaviour: modelling recent trends. Symposium on forecasting the state of public finances
• Abstracts: Converting to a central financial database. Leveraging the data warehouse
• Abstracts: Toward a model of new product preannouncement timing. The role of market information in new product success/failure
• Abstracts: Contributions to marketing theory and practice from Industrial Marketing Management. Scientific contributions to the field from the Journal of Business-to-Business Marketing
• Abstracts: Modelling and forecasting UK public finances. Minimum wages: possible effects on the distribution of income

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.