Blar i Discussion papers (SAM) på forfatter "Thøgersen, Øystein"

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    • A crisis not wasted : institutional and structural reforms behind Norway’s strong macroeconomic performance 

      Steigum, Erling; Thøgersen, Øystein (Discussion Papers;18/2013, Working paper, 2013-12)
      This paper draws the line between the Norwegian boom-bust cycle and crises in the late 1980s and early 1990s, the succeeding institutional and structural reforms and the strong macroeconomic performance and stability of ...

    • Assessing the effects of early retirement programs 

      Bratberg, Espen; Holmås, Tor Helge; Thøgersen, Øystein (Discussion paper, Working paper, 2000-04)
      We investigate induced retirement effects of the Norwegian early retirement program ”AFP” and emphasize effects caused by relocations of some individuals from disability pension to AFP. Our theoretical model predicts ...

    • Designing social security : a portfolio choice approach 

      Matsen, Egil; Thøgersen, Øystein (Discussion paper, Working paper, 2001-10)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...

    • Habit formation, strategic extremism and debt policy 

      Thøgersen, Øystein; Matsen, Egil (Discussion paper, Working paper, 2007-12)
      We suggest a probabilistic voting model where voters’ preferences for alternative public goods display habit formation. Current policies determine habit levels and in turn the future preferences of the voters. This allows ...

    • Intergenerational risk sharing by means of pay-as-you-go : an investigation of alternative mechanisms 

      Thøgersen, Øystein (Discussion paper, Working paper, 2006-06)
      A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks to individuals’ labor and capital income over the life cycle. By means of illuminating closed form solutions we demonstrate that the ...

    • Intergenerational risk sharing by means of pay-as-you-go programs : an investigation of alternative mechanisms 

      Thøgersen, Øystein (Discussion paper, Working paper, 2006-06)
      A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks to individuals’ labor and capital income over the life cycle. By means of illuminating closed form solutions we demonstrate that the ...

    • The risk sharing effects of social security and the stochastic properties of income growth 

      Thøgersen, Øystein (Discussion paper, Working paper, 2003-05)
      Time-series analyses suggest that income shocks are fairly persistent. This has implications for the intergenerational risk-sharing effects of pay-as-you- go (paygo) social security programs. By means of a simple stochastic ...

    • Saving and Bequest in China: An Analysis of Intergenerational Exchange. 

      Almås, Ingvild; Freddi, Eleonora; Thøgersen, Øystein (SAM;10/2016, Working paper, 2016-05-31)
      Particularly high saving rates among the elderly in both rural and urban China call for an investigation of the involved bequest motive. Utilizing unique survey data from a diverse group of Chinese households, we document ...

    • Social security and future generations 

      Thøgersen, Øystein; Fehr, Hans (Discussion paper, Working paper, 2007-12)
      We survey the effects of social security in the form of mandatory public pension programs on the intergenerational distribution of tax burdens, income, various risks and welfare. The first part considers basic theoretical ...

    • Social security reforms and early retirement 

      Fehr, Hans; Sterkeby, Wenche Irén; Thøgersen, Øystein (Discussion paper, Working paper, 2000-09)
      In order to stimulate labor market participation and improve the financial viability of the social security systems, many recent reform proposals in various OECD economies suggest to scale down the non-actuarial parts ...