全球智库信息集成服务系统(G2TT): DP5060 Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing and Competition

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP5060
	DP5060 Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing and Competition
	Reinhilde Veugelers; Rene Belderbos; Elissavet Lykogianni
发表日期	2005-05-23
出版年	2005
语种	英语
摘要	The pool of early retirees is characterized by a large heterogeneity along several criteria. The present paper focuses on the key distinction between those in forced early retirement and those who retire early by individual choice. We start by estimating a retirement probit model for older workers in Belgium. Based on these estimates, we then perform micro-simulations relating to a hypothetical actuarial reform of a pension system, i.e., a reform imposing on average actuarial neutrality with respect to the time of retirement. We explore two scenarios, one where the entire population is subjected to the actuarial system, and one where a duly screened sub-sample of the unemployed is shielded against these actuarial adjustment factors, a group we call the truly unemployed. We evaluate the impact on the average retirement age, the pension budgets as well as indicators of redistribution within the group of the elderly. We find that the extra budgetary gain of exposing this subgroup to the full-blown reform is modest, while the distributional cost is rather high. Our results thus comfort the idea that the budgetary cost of a focused unemployment system are moderate, and that returning the unemployment insurance to its primary role might be a desirable strategy.
主题	Public Economics
关键词	Retirement Older worker Inequality
URL	https://cepr.org/publications/dp5060
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533957
推荐引用方式 GB/T 7714	Reinhilde Veugelers,Rene Belderbos,Elissavet Lykogianni. DP5060 Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing and Competition. 2005.