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Working Papers

2017Jan
Work-site

Elena Capatina

Approximately one in four workers aged 25-40 who lacked private health insurance in 2010 in the US did not enroll in employer-provided health insurance (EPHI) that was available to them.

2016Dec
Fiscal growth

Christine Ma and Chung Tran

To what extent does population ageing limit fiscal capacity and affect fiscal sustainability? We answer this question through lens of fiscal space defined by budgetary room between the current tax revenue and the peak of Laffer curves.

2016Dec
Budgeting

George Kudrna and Chung Tran

In this study, we quantify the macroeconomic and welfare effects of alternative fiscal consolidation plans in the context of a small open economy.

2016Nov

Rafal Chomik and John Piggott

Abstract: Pension savings commonly attract lower taxes to encourage self-provision or to maintain neutrality between current and future consumption. As a result, in countries where funded pensions are prominent, tax costs appear large and poorly targeted while benefits seem unsubstantiated. Yet much of the criticism of tax arrangements is misconceived. In this paper we explain the basic concepts, tackle concerns related to the scale and fairness of tax expenditures, and present policy reform proposals. We do this by way of illustrative examples of saving over the lifecycle and across the earnings distribution. These are based on the Australian retirement income system – an instructive case, since it has significant pre-funding and high levels of measured tax expenditures that, in turn, attract considerable political interest.

2016Oct
Healthy elderly couple

Rafal Chomik

There is a growing recognition that social security systems with a wide scope and comprehensive coverage are an essential part of sustainable development and an ambition worth pursuing vigorously. 

2016Sep
Elderly friends

Jennifer Alonso-Garcia, Maria del Carmen Boado-Penas and Pierre Devolder

There are three main challenges facing public pension systems.

2016Sep
Finances

Jennifer Alonso-García and Beatriz Rosado-Cebrián

The recent global financial crisis has intensified the public debate on the sustainability of pay-as-you-go pension schemes.

2016Aug
Migration

Peter McDonald

Migration is one of the three demographic processes that contribute to changes in the size of a population, the other two being fertility and mortality.

2016Aug
Colleagues collaborating

Ermanno Pitacco

This paper provides some introductory remarks to critical biometric aspects underlying risk identification and risk assessment for life annuity portfolios and pension funds.