Showing 1 - 10 of 48
This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … the early retirement option, the simulations indicate that a means test mitigates the moral hazard problem substantially. …
Persistent link: https://www.econbiz.de/10010685901
, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … full pensionable age generates the largest responses in labor supply and retirement behavior. …
Persistent link: https://www.econbiz.de/10009195630
The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to … threefold increase in the legal minimum pension on labor supply and retirement behaviour at older ages. Applying difference … income effect that caused additional retirement of 30 to 47 percent. Additional evidence suggests that retirement incentives …
Persistent link: https://www.econbiz.de/10008555911
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced...
Persistent link: https://www.econbiz.de/10008519435
This paper provides empirical evidence how the timing of employment breaks affects pension benefits in Germany. Analysing the biographical data set from the German Pension Insurance (SUF VVL 2004) the employment histories of individuals aged 21 to 60 can be mirrored in detail. We relate...
Persistent link: https://www.econbiz.de/10005068964
In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...
Persistent link: https://www.econbiz.de/10011265687
The Russian-Ukrainian crisis has revitalized the European concerns of supply disruptions of natural gas as experienced in 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed since: imports aremore diversified, EU member states better connected and a...
Persistent link: https://www.econbiz.de/10011266590
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...
Persistent link: https://www.econbiz.de/10011266601
Structural changes in the European natural gas market such as liberalization, increasing demand, and growing import dependency have triggered new attempts to model this market accurately. This paper presents a model of the European natural gas supply, GASMOD, which is structured as a...
Persistent link: https://www.econbiz.de/10004963631
In this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call "transmitters", pipeline and storage operators, marketers, LNG...
Persistent link: https://www.econbiz.de/10004963816