The Option Value Model in the Retirement Literature: The Trade-off Between Computational Complexity and Predictive Validity

by Michele BELLONI
April, 2008

This study gives an overview of retirement modelling, starting from the single-period consumption/leisure model up to the recent life-cycle multiple-decisions and joint retirement models, paying particular attention to the role played by the option value model in the economic literature on retirement.

Differences in the Productivity Levels of Older Workers in the EU – A Cross-Country Analysis of the Age-Wage Relationship

by Mateusz Walewski
April, 2008

As the process of population ageing in Europe carries on and the retirement age rises, the relationship between age and productivity becomes increasingly important. There is concern that as the average age of the working individual goes up, the average rate of productivity growth will go down, resulting in the decreasing competitiveness of European economies. … Continued

Health Expenditure Scenarios in the New Member States: Country Report on Slovakia

by Vladimír Kvetan, Viliam Páleník, Martin Mlýnek, Marek Radvanský
December, 2007

As in other transforming economies, the Slovak economy was not able to avoid transformation recession. In its health care system, two negative effects have combined: – impact of transformation recession on financial perspective of the health system and – public sectors (with health system as a typical example) traditionally did not participate in the transformation … Continued

Health Expenditure Scenarios in the New Member States: Country Report on Hungary

by András Gábos, Róbert Iván Gál
December, 2007

This country report aims to give an estimation of the development of public health care expenditures in Hungary during the first half of the 21st century. The model used for analysis is the ILO social budget model. Since this model is a full budget model, it includes not only the expenditure side, but the revenue … Continued

Health Expenditure Scenarios in the New Member States: Country Report on Poland

by Stanisława Golinowska, Ewa Kocot, Agnieszka Sowa
December, 2007

The objective of this report is to present the model of future health care system revenues and expenditures in Poland, and to discuss assumptions for the projection and projection results. Expenditure analysis is based on ILO social budget model, part of which is health budget model. The model takes into account the revenue side of … Continued

Health Expenditure Scenarios in the New Member States: Country Report on Estonia

by Liis Rooväli
December, 2007

The aim of the study is to analyse the impact of ageing on health care expenditures developing different health expenditures and revenues scenarios for Estonia. Projections were performed using the ILO social budget model. The report gives a brief overview of the description of the model; data and underlying assumptions used for prognoses, and projected … Continued