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years longer than a woman at the 10th percentile. -- Life expectancy and income ; women ; public pensions ; Germany … confined to men. In particular, administrative data from public pension systems are less reliable for women because of the … analyze a large data set from the German public pension scheme on women who died between 1994 and 2005, employing both non …
Persistent link: https://www.econbiz.de/10009260329
In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims...
Persistent link: https://www.econbiz.de/10003776611
countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
Persistent link: https://www.econbiz.de/10003901593
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010359333
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010374428
As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between retirement age and benefit level. The present paper is...
Persistent link: https://www.econbiz.de/10011435789
Wir diskutieren eine Reihe von Problemen der Rentenformel in der deutschen gesetzlichen Rentenversicherung (GRV). Wir …
Persistent link: https://www.econbiz.de/10011437390
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10013157425
Am 26. September 2021 wurde der 20. Bundestag gewählt. Auf die Abgeordneten und die neue Bundesregierung kommen große Aufgaben zu. Demografie, Klimawandel und Digitalisierung sind drei zentrale Herausforderungen, die es in der neuen Legislaturperiode anzupacken und nachhaltig zu bewältigen...
Persistent link: https://www.econbiz.de/10012656351
focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613