Showing 1 - 10 of 968
This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …
Persistent link: https://www.econbiz.de/10012462881
Pensions and contemporary socioeconomic change / Assar Lindbeck -- Different approaches to pension reform from an economic point of view / Jonathan Gruber, David A. Wise -- Labor mobility, redistribution, and pension reform in Europe / Alain Jousten, Pierre Pestieau -- France: the difficult path...
Persistent link: https://www.econbiz.de/10001629344
The U.S. and other western economies are experiencing dramatic changes in growth and age structure of their populations. Fluctuations in birth rates are the most important determinants of these changes in the post war period. This paper examines the dynamic effects of baby "booms" and...
Persistent link: https://www.econbiz.de/10012477787
In theory, improvements in healthy life expectancy should generate increases in the average age of retirement, with little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent retirement ages from keeping pace with changes in life...
Persistent link: https://www.econbiz.de/10012466040
Disability, work and retirement -- New age thinking: alternative ways of measuring age, their relationship to labor force participation, government policies, and GDP / John B. Shoven -- Comment / Erzo F. P. Luttmer -- Work disability: the effects of demography, health, and disability insurance /...
Persistent link: https://www.econbiz.de/10003840826
In order to quantify these effects, we develop a computational general equilibrium model. We feed this multi-country overlapping generations model with detailed long-term demographic projections for seven world regions. Our simulations indicate that capital flows from fast-aging regions to the...
Persistent link: https://www.econbiz.de/10012466821
The upcoming demographic crisis in Germany demands fundamental reforms of the pension system. In a democracy, reforms … enforced. After 2023, Germany will be characterized by a gerontocratic system where the old decide over the young. Only the …
Persistent link: https://www.econbiz.de/10012470215
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...
Persistent link: https://www.econbiz.de/10012471177
The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...
Persistent link: https://www.econbiz.de/10012471480
Germany still has a very generous public pay-as-you-go pension system. It is characterized by early effective …
Persistent link: https://www.econbiz.de/10012468168