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Die Rentenreform in der Diskussion : ein Mikrosimulationsmodell für die Altersvorsorge in Deutschland (AVID-PRO)
Schatz, Christof; Merz, Joachim - 2000
Anfang diesen Jahres wurden die Ergebnisse der Studie "Altersvorsorge in Deutschland 1996 (AVID '96)" veröffentlicht … Alterseinkommen der 1996 40 bis 60-jährigen Erwerbsbevölkerung in Deutschland (AVID-PRO) dargestellt werden. Für dieses … -vorsorgemaßnahmen berechnet. Ausgewählte Ergebnisse werden vorgestellt. Damit steht insgesamt in Deutschland für die aktuelle …
Persistent link: https://www.econbiz.de/10009674599
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Old Europe ages : can it still prosper?
Börsch-Supan, Axel; Ludwig, Alexander - 2009
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
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014
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
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014
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
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Demographic change, relative factor prices, international capital flows, and their differential effects on the welfare of generations
Ludwig, Alexander; Krueger, Dirk; Börsch-Supan, Axel - 2007
Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...
Persistent link: https://www.econbiz.de/10003486874
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: September 22, 2014
Persistent link: https://www.econbiz.de/10011280253
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Reforming retirement age in DB and DC pension systems in an aging OLG economy with heterogenous agents
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - In: IZA journal of labor policy 5 (2016) 8, pp. 1-36
We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...
Persistent link: https://www.econbiz.de/10011522240
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: September 22, 2014
When markets are incomplete, social security can partially insure against idiosyncratic and aggregate risks. We incorporate both risks into an analytically tractable model with two overlapping generations and demonstrate that they interact over the life-cycle. The interactions appear even though...
Persistent link: https://www.econbiz.de/10010419846
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Efficiency versus insurance: capital income taxation and privatizing social security
Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021
We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...
Persistent link: https://www.econbiz.de/10012653219
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The political (in)stability of funded social security
Beetsma, Roel; Komada, Oliwia; Makarski, Krzysztof; … - 2021
We analyze the political stability of funded social security. Using a stylized theoretical framework we study the mechanisms behind governments capturing social security assets in order to lower current taxes. The results and the driving mechanisms carry over to a fully-fledged and carefully...
Persistent link: https://www.econbiz.de/10012648353