Showing 1 - 10 of 41
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...
Persistent link: https://www.econbiz.de/10011392492
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011455532
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011482705
Persistent link: https://www.econbiz.de/10011498020
This paper analyzes the impact of demographic aging on capital accumulation and welfare in economies with unfunded pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both the type of aging, i.e. declining fertility or...
Persistent link: https://www.econbiz.de/10011499785
than the rate of population growth. The workers with medium wages (not those with the lowest wages) and the retirees form a …
Persistent link: https://www.econbiz.de/10009781530
Persistent link: https://www.econbiz.de/10011589480
Persistent link: https://www.econbiz.de/10012216405
In this study, we investigate the anatomy of older workers' wages. The central question is whether the wage cushion - i ….e., the difference between actual wages and collectively agreed-upon (maximum) contractual wages - contributes to the fact … that wages continue increasing at older ages. We follow the wages of individual workers in twenty-two sectors of industry …
Persistent link: https://www.econbiz.de/10010408887
Persistent link: https://www.econbiz.de/10010389381