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Social security reforms and early retirement
Fehr, Hans; Sterkeby, Wenche I.; Thøgersen, Øystein - 2000
In order to stimulate labor market participation and improve the financial viability of the social security systems, many recent reform proposals in various OECD economies suggest to scale down the non-actuarial parts of the pension systems. These reforms have a flavour of increased efficiency...
Persistent link: https://www.econbiz.de/10010305771
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Social security reforms and early retirement
Fehr, Hans; Sterkeby, Wenche I.; Thøgersen, Øystein - Wirtschaftswissenschaftliche Fakultät, Bayerische … - 2000
In order to stimulate labor market participation and improve the financial viability of the social security systems, many recent reform proposals in various OECD economies suggest to scale down the non-actuarial parts of the pension systems. These reforms have a flavour of increased efficiency...
Persistent link: https://www.econbiz.de/10009226114
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Social Security with Rational and Hyperbolic Consumers
Fehr, Hans; Habermann, Christian; Kindermann, Fabian - 2006
The present paper studies the role of social security in an economy populated by overlapping generations of individuals that have time-consistent or time-inconsistent preferences, face mortality and individual income risk, borrowing constraints as well as progressive income taxes. Our...
Persistent link: https://www.econbiz.de/10010294644
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Tax-Favored Retirement Accounts: Are they Efficient in Increasing Savings and Growth?
Fehr, Hans; Habermann, Christian; Kindermann, Fabian - 2006
The present paper aims to quantify the macroeconomic and welfare effects of taxfavored retirement accounts. Starting from an equilibrium without saving incentives, we introduce such accounts and compute the new transition path and the resulting long-run equilibrium. Since our...
Persistent link: https://www.econbiz.de/10010294679
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Pension Reform and Demographic Uncertainty: The Case of Germany
Habermann, Christian; Fehr, Hans - 2003
which both aim to improve the sustainability of the current system by introducing demographic variables to the benefit … calculation. While the first reform proposes a so-called "sustainability factor" which measures the changes in the dependency … implications. Therefore, future generations are much better of with the "sustainability factor", while it is not clear whether …
Persistent link: https://www.econbiz.de/10010296524
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A Simulation Model for the Demographic Transition in Germany: Data Requirements, Model Structure and Calibration
Jokisch, Sabine; Halder, Gitte; Fehr, Hans - 2004
All countries in the European Union stand at the fore of a phenomenal demographic transition. Especially Germany will realize an enormous aging of its population. The reasons for this development are twofold: On the one hand, the number of elderly will more than double over the coming decades....
Persistent link: https://www.econbiz.de/10010296525
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Pension reform during the demographic transition
Fehr, Hans - 1999
the future sustainability of the current unfunded public pension system and motivates the search for reform options. The … various reform measures such as partial funding and tax financed minimum pensions. …
Persistent link: https://www.econbiz.de/10010305754
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Should pensions be progressive? Yes, at least in Germany!
Kallweit, Manuel; Fehr, Hans; Kindermann, Fabian - 2011
Recent reforms that aim at reducing the upcoming burdens of population ageing might seriously harm low income individuals. An increase in old-age poverty and disability will be the result. Under this prospect, the present paper quantitatively characterizes the optimal progressivity of unfunded...
Persistent link: https://www.econbiz.de/10010305943
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Private Retirement Savings in Germany: The Structure of Tax Incentives and Annuitization
Fehr, Hans; Habermann, Christian - 2008
The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit...
Persistent link: https://www.econbiz.de/10011600778
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Tenure Choice, Portfolio Structure and Long-Term Care - Optimal Risk Management in Retirement
Fehr, Hans; Hofmann, Maurice - 2019
We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures...
Persistent link: https://www.econbiz.de/10012052889