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Generational Accounting, Solidarity and Pension Losses

Teulings, Coen N.; de Vries, Casper G. - 2003

The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...

Persistent link: https://www.econbiz.de/10010324730

Voluntary Participation and Intergenerational Risk Sharing in a Funded Pension System

Beetsma, Roel; Romp, Ward; Vos, Siert J. - 2011

We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...

Persistent link: https://www.econbiz.de/10010325858

Participation Constraints in Pension Systems

Beetsma, Roel; Romp, Ward - 2013

We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The bene??it of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...

Persistent link: https://www.econbiz.de/10010326545

Education, Growth and Income Inequality

Teulings, Coen N.; van Rens, Thijs - 2002

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...

Persistent link: https://www.econbiz.de/10010324788

Education and Efficient Redistribution

Dur, Robert A.J.; Teulings, Coen N. - 2001

acounteracting effect: an increase in the stock of human capitalreduces the return to human capital and, therefore, pre-tax income …

Persistent link: https://www.econbiz.de/10010325056

Effects of Health on Own and Spousal Employment and Income using Acute Hospital Admissions

Garcia-Gomez, Pilar; van Kippersluis, Hans; O'Donnell, Owen - 2011

Ill-health can be expected to reduce employment and income. But are the effects sustained over time? Do they differ … across the income distribution? And are there spillover effects on the employment and income of the spouse? We use matching …, on employment and income up to six years after the health shock using linked Dutch hospital and tax register data. On …

Persistent link: https://www.econbiz.de/10010326384

Every crisis has a silver lining? Unravelling the pro-cyclical pattern of health inequalities by income

Coveney, Max; Garcia-Gomez, Pilar; van Doorslaer, Eddy; … - 2018

It is well known that income and health are positively associated. Much less is known about the strength of this … by government transfers versus market transfers on changes in income-related health inequality (IRHI) in Europe. Using … European Union Survey of Income and Living Conditions (EU-SILC) panel data for 7 EU countries from 2004 to 2013, we decompose …

Persistent link: https://www.econbiz.de/10011932337

Measurement Error in Education and Growth Regressions

Portela, Miguel; Alessie, Rob; Teulings, Coen N. - 2004

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10010325186