There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...

Die vorliegende Arbeit hat die übergeordnete Zielsetzung, Maßnahmenvorschläge im Bereich der Finanzierungs- und Anreizstrukturen für die Umsetzung der nationalen Anpassungsstrategie der Bundesregierung zu machen. Dazu wird der aktuelle Forschungsstand zur Ökonomie des Klimawandels und der...

In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...