Resources and Incentives to Reform

Resources and Incentives to Reform
Author: Alberto Dalmazzo
Publisher:
Total Pages: 43
Release: 2006
Genre:
ISBN:

The paper models the incentives for a self-interested government to implement good policies. While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model are broadly supported by evidence on sub-Saharan African countries. In particular, countries that are rich in natural resources tend to have lower institutional quality and worse macroeconomic and trade policies.

Social Security Programs and Retirement Around the World

Social Security Programs and Retirement Around the World
Author: Axel Börsch-Supan
Publisher:
Total Pages: 672
Release: 2020
Genre: Postemployment benefits
ISBN: 9780226674100

"This ninth volume of the International Social Security series, which studies the social security and retirement experiences of 12 developed countries, examines the effects of pension reform on employment at older ages. In the two decades since the project began, a dramatic decline in men's labor force participation has been replaced by sharply rising participation rates. Older women's participation has increased dramatically as well. While better health, more education, and changes in labor supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase and its large variation across countries. Concurrently with rising participation rates, countries have undertaken numerous reforms of their social security programs, disability programs, and other public benefit programs for older workers. Using a common template for analysis across the 12 countries so that results are easily compared, the studies in this volume explore how financial incentives to work at older ages have evolved from 1980 to the present as a result of public pension reforms, and how much of the changes in employment over this period can be explained by these changing incentives. Overall, the findings support the hypothesis that social security reforms have strengthened the incentives for work at older ages, and that these enhanced financial incentives contributed to the rise in employment at older ages during this period"--

Externalities. Incentives, and Economic Reforms

Externalities. Incentives, and Economic Reforms
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 40
Release: 1990-01-01
Genre: Business & Economics
ISBN: 1451926472

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple public decision makers is likely to experience “overspending,” “undertaxing,” “overborrowing,” and “overinflation” unless effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over the longer run unless assistance is made conditional on fundamental institutional reforms. The paper also analyzes reforms that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the responsiveness of output to market signals. In addition, the paper addresses the adverse effects of bank insurance and soft budget constraints.

Resources and Incentives to Reform

Resources and Incentives to Reform
Author: A. Dalmazzo
Publisher: International Monetary Fund
Total Pages: 48
Release: 2001-06
Genre: Business & Economics
ISBN:

The paper models the incentives for a self-interested government to implement "good policies". While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model are broadly supported by evidence on sub-Saharan African countries. In particular, countries that are rich in natural resources tend to have lower institutional quality and worse macroeconomic and trade policies.

Rewards and Reform

Rewards and Reform
Author: Jennifer A. O'Day
Publisher: Jossey-Bass
Total Pages: 408
Release: 1996-05-06
Genre: Education
ISBN:

Rewards and Reform offers a comprehensive view of student, teacher, managerial, and organizational incentives and shows how they are linked to school reform goals. Noted experts in education policy, practice, and research, as well as respected thinkers and practitioners from the public and private sectors, consider a variety of incentive approaches.Drawing from such diverse sources as studies of performance incentives, reforms in Vermont, school structuring in New York City, private sector research on management, and current theories of motivation and organizational development, the book explains the underlying issues surrounding incentives and reform and provides a framework for future research and policy. The book shows, for example, how workplace redesigns could answer teachers' needs for autonomy and participation--and so bolster the professional nature of teaching. It also examines alternative ways of thinking about teacher compensation.

Social Security Programs and Retirement around the World

Social Security Programs and Retirement around the World
Author: Jonathan Gruber
Publisher: University of Chicago Press
Total Pages: 751
Release: 2004-03-15
Genre: Political Science
ISBN: 9780226310183

Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work. In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics.

Incentives in Education

Incentives in Education
Author: United States. Congress. Senate. Committee on Labor and Human Resources
Publisher:
Total Pages: 136
Release: 1988
Genre: Educational innovations
ISBN:

Rethinking Investment Incentives

Rethinking Investment Incentives
Author: Ana Teresa Tavares-Lehmann
Publisher: Columbia University Press
Total Pages: 369
Release: 2016-07-12
Genre: Business & Economics
ISBN: 0231541643

Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.