Narrow search
Showing 1 - 10 of 434
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers
Jaaidane, Touria; Gary-Bobo, Robert J. - 2015
pensions. Present and future public subsidies may at the same time be reduced. We propose a quantitative analysis of the 2008 … reform of the Paris Metro pensions. Focusing on the case of train drivers, we show that the reform should save public funds …, but only in the long run. During a long transition period, the reform is likely to end up with larger State subsidies to …
Persistent link: https://www.econbiz.de/10011307099
Cover Image
Population Aging, Social Security and Fiscal Limits
Heer, Burkhard; Polito, Vito; Wickens, Michael - 2018
We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...
Persistent link: https://www.econbiz.de/10011887381
Cover Image
The actuarial balance sheet for pay-as-you-go finance: solvency indicators for Spain and Sweden
Boado-Penas, Maria del Carmen; Valdés-Prieto, Salvador; … - 2008
This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old age contingency, based on official data. The novel entry in the balance sheet, named "Contribution Asset" or "Hidden Asset", is at the centre of the theoretical discussion. A...
Persistent link: https://www.econbiz.de/10010264278
Cover Image
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
Cover Image
Early retirement and social security : a long term perspective
Conde-Ruiz, Jose Ignacio; Galasso, Vincenzo; Profeta, Paola - 2005
We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...
Persistent link: https://www.econbiz.de/10010272717
Cover Image
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
Cover Image
Longevity Risk and Taxation of Public Pensions
Lassila, Jukka; Valkonen, Tarmo - 2015
rules, such as a link between life expectancy and pensions or retirement age, the tax regime shift can be used to improve …
Persistent link: https://www.econbiz.de/10011431179