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This paper constitutes a first didactic foray into the research project 'Property Tax as Financing Instrument of Megacities in BRICS states'. It assesses the property tax system of the BRICS states with consideration for how property taxes should be designed and used. In addition, a model to assess the efficiency with whi the property tax is appleid will be developed. This model will later be used to conduct an assessment of the property taces of the BRICS states' megacities.
Population ageing is likely to have a long-lasting negative impact on
the financial sustainability of European pension systems. As a reaction
to this, some European nations have adopted automatic adjustment
mechanisms that connect the amount of starting pensions to the development
of demographic and economic factors, such as life expectancy
and the old-age dependency ratio. Lacking such measures,
other countries account for the financial problems of their public payas-
you-go pension schemes by ad hoc amendments to their national
legislation.
This paper provides empirical evidence that national legislation
linking life expectancy at retirement age and the level of old-age pensions
attenuates opposition against reforms seeking increases to the
statutory retirement age. Using multinomial logit models fitted on individual-
level survey data, I analyze the probability that individuals accept
a potential increase in retirement age among respondents in the Czech
Republic, Poland and Slovakia. The results show that national institutional
contexts explicitly binding pensions to the development of life
expectancy attenuate opposition against a potential increase in the
statutory retirement age.
The implications of the study are of particular importance for policy-
makers looking to resolve the problem of constantly increasing oldage
dependency ratios in Europe. This requires the application of an
incentive structure that increases the acceptability of later withdrawal
from the labour market. Analyzing survey data from the late 2000s,
this study demonstrates that an explicit attachment between the level
of starting pensions and life expectancy at retirement age is particularly
useful in motivating longer working careers when life expectancy
is on the rise.
The present paper examines the implications of the crisis in Italy by focusing on the reform of the labour marked adopted in June 2012. The aim is to analyse the reform as a particular step in the (re-)production fo hegemony in the Italian context. Drawing on the Cultural Political Economy approach, the paper investigates the interplay of discursive an material factors at the basis fo the economic imaginaries put forward by the reform. Main prelimanary findings point out some major discrepancies between the declared economic imaginaries with their attached objects of interventions and the effective changes introduced by the reform. As a result, despite the large hegemonic consensus achieved on the principles and priorities of the reform, both the interests of the capital and the labour fraction turn out to be disappointed by its outcome.