Axel Borsch-Supan – författare

Life-Cycle Savings and Public Policy examines data on many households from a number of different countries. The hope is that through these observations we can learn about the ways policies affect savings, and that other differences among savers can be controlled for, instead of being blamed on cultural differences.This book features a consistent framework among chapters. It reaches a harmony between measurement and analysis to compare accurately the resulting data and statistics. It provides econometric methodology to reveal the way policies affect savings. The book features data on household savings in Germany, Italy, Japan, the Netherlands, the U.K., and the U.S.This book is recommended reading for anyone interested in saving, social insurance policy, or capital formation.- Features a consistent framework among chapters- Reaches a harmony between measurement and analysis to compare accurately the resulting data and statistics- Provides econometric methodology to reveal the way policies affect savings

This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have 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 or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.

Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself costly. Not only does it undermine the credibility of public welfare programmes, but it may also distort labour supply behaviour, decisions regarding savings and capital accumulation. More generally there is uncertainty about the overall impact of ageing on welfare and society and the multiple domains in which its effects may develop. Pensions: More Information, Less Ideology builds on the existing evidence - mostly in the field of public pensions - and highlights the advantages that would be obtained by: harmonising methodologies used in the various countries to report pension outlays and forecast future pension liabilities or more generally public spending; defining common standards as to the frequency of expenditure forecasts and the length of the forecast horizons for welfare expenditures; developing European longitudinal survey of persons pre- and post retirement age, providing timely information on a wide array of decisions by individuals and household related to the ageing process and the ongoing trends.

Property Taxes and House Values: The Theory and Estimation of Intrajurisdictional Property Tax Capitalization explains the link between property taxes and house values and elaborates public policies that alter property taxes, such as assessment reform and state aid. This book introduces the concept of property tax capitalization and discusses the importance of tax capitalization for public policy. The topics include the simple algebra of property tax capitalization, inherent econometric difficulties, and household utility maximization problem. The anticipation of revaluation, revaluation in Brockton, and nonlinear two-stage least squares estimator are also described. This text likewise covers the estimates of the degree of property tax capitalization and horizontal equity of tax rate changes. This publication is recommended for academics, public officials, and homeowners.

Volkswirtschaftslehre ist eigentlich ein lebendiges Fach. Tagtäglich stehen Schlagzeilen in der Zeitung, die über Wirtschaftswachstum, Arbeitslosigkeit, Inflation, Währungs­ turbulenzen oder das Anwachsen der Sozialversicherungsbeiträge berichten. Wir ma­ chen uns um unser Einkommen Gedanken, planen unsere Altersvorsorge, kaufen, wo es halbwegs billig ist, und beobachten, wie wir im Ausland einmal mehr und einmal weni­ ger für unser Geld Urlaub machen können. Leider vermißt man diese Lebendigkeit in den meisten Lehrbüchern der Volkswirt­ schaftslehre. Zwar hat unsere Zunft gelernt, daß ein gutes Lehrbuch mit Beispielen an­ gereichert werden muß, soll es sich denn verkaufen, aber meist bleibt es bei einem Anhängsel an die Theorie. Dieses Buch geht den umgekehrten Weg: Fünfzehn Episo­ den, angefangen vom Mittelalter bis hin zur deutschen Einigung, werden zunächst ein­ mal dargestellt und erst dann mit den Kemkonzepten der Volkswirtschaftslehre erklärt. Auch dies geschieht in zwei Stufen: Zunächst folgt auf "den Fall" eine intuitive Inter­ pretation, und erst dann wird in einem Anhang zu jeder Fallstudie der ökonomische Hintergrund auch technisch dargestellt und die Fachbegriffe erklärt, die im Schlagwort­ verzeichnis gesammelt wurden. Die Fallstudien wenden sich daher nicht nur an Stu­ denten der Wirtschaftswissenschaften, sondern an alle, die am Wirtschaftsleben interessiert sind und Volkswirtschaftslehre realitätsnah erlernen wollen.

This book is a treatise on empirical microeconomics: it describes the econometric theory of qualitative choice models and the empirical practice of modeling consumer demand for a heterogeneous commodity, housing. Accordingly, the book has two parts. The first part gives a self-contained survey of discrete choice models with emphasis on nested and related multinomial logit models. The second part concentrates on three sUbstantive questions about housing demand and how they can be answered using discrete choice models. Why combine these two distinct parts in one book? It is the interaction between theory and application in empirical microeconomics on which we focus in this book. Hence, emphasis in the methodological part is on practicability, and emphasis in the applied part is on the usage of the proper econometric specifications. Econometrics means measuring economic phenomena. Because nature (ironically, in the case of economics, this is most often the government) rarely provides us with well-defined economic experiments, measurement of economic phenomena usually requires an elaborate statistical apparatus that is able to separate concurrent and confounding phenomena. Discrete choice models have proved to be a very convenient apparatus to study the complex issues in housing demand. We present models, techniques, and statistical problems of discrete choice in the first and methodological part of the book, written in conventional textbook style.

Springers Handbuch der VWL stellt in insgesamt 20 Beiträgen die wichtigsten Gebiete der Volkswirtschaftslehre vor. Die Beiträge enthalten umfassendes, prüfungs- und praxisrelevantes Wissen für Studenten, Praktiker und Wissenschaftler. Es ist ihr Ziel, dem Leser volkswirtschaftliche Fragen, Methoden und Ergebnisse und die Möglichkeiten und Grenzen ökonomischer Analyse zu erläutern und zugleich einen Eindruck davon nahezubringen, warum Volkswirtschaftslehre als Fach interessant ist. Band 2 behandelt die Wirtschafts- und Finanzpolitik, die Geldpolitik, die Sozialpolitik sowie die Wettbewerbspolitik und die internationalen Wirtschaftsbeziehungen.