by Bram Wouterse, Arjen Hussem, Albert Wong (April, 2019)
Insight in the lifecycle dynamics of long term care costs is important to understand the effect of policy changes, such as the design of co-payments, on the costs and welfare across income and wealth groups. Modeling long term care expenditures over the lifecycle is challenging because of their very uneven distribution.
We find that the low and middle income and wealth groups use substantially more long term care over their life than the high income and wealth groups. The Dutch system of income- and wealth-dependent co-payments offers substantial protection against high costs for these groups, especially compared to a flat-rate co-payment. The middle groups benefit the most from the current system: as they do not qualify for income support, a flat-rate co-payment system would mainly burden them. Only the group with the highest financial means would benefit from the introduction of a flat-rate co-payment.
by Féidhlim McGowan, Pete Lunn (April, 2019)
This study used a controlled experiment to test whether explanatory diagrams can improve comprehension of pensions and increase willingness to contribute to a pension. It finds that diagrams help people to see the benefits of contributing to a pension, but people still struggle to understand how pensions work. People find tax relief particularly complex, raising concerns about its effectiveness as an incentive.
by Seamus McGuinness, Paul Redmond (April, 2019)
We study the impact of the 2016 increase in the Irish minimum wage on the hours worked and the probability of job loss of minimum wage workers. We pay particular attention to temporary contract workers, which may be more susceptible to changes to their working conditions compared to permanent employees. The results indicate that the increase in the minimum wage had a negative and statistically significant effect on the hours worked of minimum wage workers, with an average reduction of approximately 0.6 hours per week. For temporary workers, the effect was greater, with a decline of approximately three hours per week. We find no evidence that the increase in the minimum wage led to an increased probability of becoming jobless in the six‐month period following the rate change, nor did it affect employment rates in sectors employing large numbers of minimum wage workers.
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Time and place: 29/05/2019 in Dublin, Ireland
The ESRI will host a morning half-day conference on pensions and retirement on 29 May. Presentations from ESRI staff will cover topics examined under a programme of research with the Pensions Authority. Speakers will examine issues such as financial literacy and preparation for retirement, consumption in retirement, and the results of experimental studies on comprehension … Continued
16TH EUROFRAME Conference on economic policy issues in the EU ‘Greater cohesion in an increasingly fractured world: Where now for the European project?’
Time and place: 07/06/2019 in Dublin, Ireland
The EUROFRAME group of research institutes (CASE, CPB, DIW, ESRI, ETLA, IfW, NIESR, OFCE, PROMETEIA, WIFO) will hold its sixteenth annual Conference on Economic Policy Issues in the European Union in Dublin on 7 June 2019. The aim of this conference is to bring together academics, and policy-oriented economists by providing a forum for debate … Continued
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