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Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

Persistent link: https://www.econbiz.de/10011252616

Pension systems, Intergenerational Risk Sharing and Inflation

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2007

We investigate intergenerational risk sharing in two-pillar pension systems with a pay-as-you-go pillar and a funded … intergenerational risk sharing can be achieved only in the presence of a defined benefit pension system with appropriate restrictions on …

Persistent link: https://www.econbiz.de/10005497820

The Political Feasibility of Increasing Retirement Age: Lessons from a Ballot on Female Retirement Age

Bütler, Monika - C.E.P.R. Discussion Papers - 2001

In 1998, the Swiss voters approved of an increase in female retirement age from 62 to 64. The referendum, being on a single issue only, offers a unique opportunity to explore the political feasibility of pension reforms and to apply theoretical models of life-cycle decision making. Estimates...

Persistent link: https://www.econbiz.de/10005114172

Public Pension Reform, Demographics, and Inequality

Weizsäcker, Robert K von - C.E.P.R. Discussion Papers - 1994

Starting from a simple, descriptive model of individual income, an explicit link between the age composition of a population and the personal distribution of incomes is established. Demographic effects on income inequality are derived. Next, a pay-as-you-go financed state pension system is...

Persistent link: https://www.econbiz.de/10005666745

Does an Aging Population Increase Inequality?

Weizsäcker, Robert K von - C.E.P.R. Discussion Papers - 1996

The paper reviews recent research on the impact of an aging population on the distribution of income. After briefly discussing the demographic conditions responsible for population aging, a short account is given of demographic trends in the industrialized world. In order to disentangle the many...

Persistent link: https://www.econbiz.de/10005791974

Designing Democracies for Sustainability

Gersbach, Hans; Kleinschmidt, Tobias - C.E.P.R. Discussion Papers - 2004

sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can … achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young …

Persistent link: https://www.econbiz.de/10005662383

The Transformation of Australia's Population, 1970 to 2030 Labour Force, Employment and Unemployment

Chapman, Bruce; Kapuscinsky, Cezary - Research School of Economics, College of Business and … - 2001

Persistent link: https://www.econbiz.de/10004971393

Educational Choice, Lifetime Earnings Inequality, and Conflicts of Public Policy

Weizsäcker, Robert K von - C.E.P.R. Discussion Papers - 1994

Drawing on and extending the theory of human capital, a comprehensive life-cycle model of individual earnings is designed. The approach taken permits an isolated analysis of three interconnected levels of aggregation (intra-cohort distribution, overall distribution, and lifetime distribution)...

Persistent link: https://www.econbiz.de/10005124350

The Dynamics of Immigrant Welfare and Labour Market Behaviour

Hansen, Jörgen; Löfström, Magnus - C.E.P.R. Discussion Papers - 2001

This Paper analyses transitions into and out of three different labour market states: social assistance, unemployment and employment. We estimate a dynamic multinomial logit model, controlling for endogenous initial conditions and unobserved heterogeneity, using a large representative Swedish...

Persistent link: https://www.econbiz.de/10005136710

Evaluating the Employment Impact of a Mandatory Job Search Programme

Blundell, Richard William; Costa Dias, Monica; Meghir, … - C.E.P.R. Discussion Papers - 2003

This Paper exploits area-based piloting and age-related eligibility rules to identify treatment effects of a labour market program – the New Deal for Young People in the UK. A central focus is on substitution/displacement effects and on equilibrium wage effects. The programme includes...

Persistent link: https://www.econbiz.de/10005067600

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