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The political economy of intergenerational cooperation

Cigno, Alessandro - 2005

The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...

Persistent link: https://www.econbiz.de/10010261395

Optimal compulsion when behavioral biases vary and the State errs

Valdés-Prieto, Salvador; Schwarzhaupt, Ursula - 2011

When behavioral biases have varying sizes, and the State seeks to correct behavior through compulsion, the question is how to design optimal compulsion. One argument is that the amount of compulsion should rise with the size of the bias to be 'cured'. A contrary argument is that since compulsion...

Persistent link: https://www.econbiz.de/10010274954

Maintaining One's Living Standard at Old Age: What Does that Mean? Evidence Using Panel Data from Germany

Dudel, Christian; Ott, Notburga; Werding, Martin - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis-à-vis income in the pre-retirement period. We...

Persistent link: https://www.econbiz.de/10010293974

Aging, Taxes and Pensions in Switzerland

Keuschnigg, Christian - 2016

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

Persistent link: https://www.econbiz.de/10011431253

Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10010264503

Testing for convergence in stock markets : a non-linear factor approach

Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, … - 2009

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...

Persistent link: https://www.econbiz.de/10010274514

The design of pension pay out options when the health status during retirement is uncertain

Kifmann, Mathias - 2008

This paper examines the optimal design of pension plans when the health status during retirement is uncertain. Assuming that the health status affects both life expectancy and the marginal utility of consumption, choice between a lump-sum payment and an annuity can be welfare-enhancing if the...

Persistent link: https://www.econbiz.de/10010264299

Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?

Dolls, Mathias; Dörrenberg, Philipp; Peichl, Andreas; … - 2018

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

Persistent link: https://www.econbiz.de/10011794181

On myopia as rationale for social security

Andersen, Torben M.; Bhattacharya, Joydeep - 2008

myopia may justify public pensions but never alongside positive private savings. With sufficient myopia, co-existence of … positive optimal pensions and positive private saving is possible if the real interest rate on saving evolves endogenously, as …

Persistent link: https://www.econbiz.de/10010270595

Domestic abuse: Instrumental violence and economics incentives

Anderberg, Dan; Rainer, Helmut - 2011

A large fraction of domestically abused women report that their partners interfere with their participation in education and employment. As of yet, mainstream economics has not dealt in any systematic way with this phenomenon and its implications for welfare policy. This paper puts forward a...

Persistent link: https://www.econbiz.de/10010280632