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Labour supply --- Reconstruction (1939-1951)

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Labor supply --- Wages --- Hours of labor --- Hours of labor. --- Labor supply. --- Wages. --- Labour Supply --- Labour Statistics --- Wages --- Hours Of Work --- Employment --- Canada. --- Labour Supply --- Canada --- Statistics --- Labour Statistics --- Canada --- Wages --- Canada --- Statistics --- Hours Of Work --- Canada --- Statistics --- Employment --- Canada --- Statistics

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This paper studies a transmission mechanism through which pro-vulnerable income transfers may affect individual decision-making of non-beneficiaries in an extreme poverty context, leading to labor supply contraction and the so-called dependency syndrome. The argument is based on the distributional distortion this transfer may provoke to the relative quality of leisure, enjoyed by the population in an extreme poverty scenario. Assuming the existence of vulnerable individuals and different income groups based on certain physical, economic, or social characteristics, the author studies their decision processes and, in particular, their reactions to the aid program. The results of this theoretical research provide some insights on the conditions that an optimal pro-poor income transfer should present. A literature review is presented in support of the arguments made in the theoretical part.

Dependency --- Economic Theory & Research --- Food & Beverage Industry --- Income Distribution --- Income Transfers --- Labor Policies --- Labour Supply --- Macroeconomics and Economic Growth --- Poverty Monitoring & Analysis --- Safety Nets --- Services & Transfers to Poor

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This paper studies a transmission mechanism through which pro-vulnerable income transfers may affect individual decision-making of non-beneficiaries in an extreme poverty context, leading to labor supply contraction and the so-called dependency syndrome. The argument is based on the distributional distortion this transfer may provoke to the relative quality of leisure, enjoyed by the population in an extreme poverty scenario. Assuming the existence of vulnerable individuals and different income groups based on certain physical, economic, or social characteristics, the author studies their decision processes and, in particular, their reactions to the aid program. The results of this theoretical research provide some insights on the conditions that an optimal pro-poor income transfer should present. A literature review is presented in support of the arguments made in the theoretical part.

Dependency --- Economic Theory & Research --- Food & Beverage Industry --- Income Distribution --- Income Transfers --- Labor Policies --- Labour Supply --- Macroeconomics and Economic Growth --- Poverty Monitoring & Analysis --- Safety Nets --- Services & Transfers to Poor

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Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor supply. In order to neutralize the effects on effective labor supply of a fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to increase more than proportionally to fertility changes in order to compensate for endogenous responses of the intensity of labor supply. The robustness of this result is checked against alternative model specifications and calibrations relevant to an economic region such as Europe.

Economic implications --- Economic Theory & Research --- Fertility decline --- Fertility rates --- General equilibrium --- Health, Nutrition and Population --- Labor Markets --- Labor Policies --- Labour supply --- Macroeconomics and Economic Growth --- Overlapping generations model --- Pensions & Retirement Systems --- Policy Research Working Paper --- Population Policies --- Retirement --- Retirement age --- Retirement Policy --- Social Protections and Labor