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Social security and endogenous demographic change: child support and retirement policies
Cipriani, Giam Pietro; Fioroni, Tamara - 2021
This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement choices necessarily coincide with socially optimal...
Persistent link: https://www.econbiz.de/10012405524
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the … in the capital market with a corresponding equilibrium interest rate. In this paper we assume a demography with one … determined by the demography and cannot be modified at will as a long-term political instrument. We find that this is relevant …
Persistent link: https://www.econbiz.de/10012160984
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Efficiency versus insurance: capital income taxation and privatizing social security
Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021
We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...
Persistent link: https://www.econbiz.de/10012653219
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The Politics of Aging and Retirement : Evidence from Swiss Referenda
Bello, Piera - 2018
Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...
Persistent link: https://www.econbiz.de/10012910941
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Distributional effects of welfare reform for young adults : an unconditional quantile regression approach
Hernæs, Øystein - 2018
The paper evaluates the distributional effects on earnings and income of requiring young welfare recipients to fulfill conditions related to work and activation. It exploits within-social insurance office variation in policy arising from a geographically staggered reform in Norway. The reform...
Persistent link: https://www.econbiz.de/10011798232
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NDC: the generic old-age pension scheme
Góra, Marek; Palmer, Edward E. - 2019
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10011993112
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The effect of pension subsidies on retirement timing of older women : evidence from a regression kink design
Ye, Han - 2018
This paper provides a clear and transparent setting to study the effect of additional pension benefits on women's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy program to low pay workers, implemented in 1992. The...
Persistent link: https://www.econbiz.de/10011913479
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Pensions and Fertility : Back to the Roots - The Introduction of Bismarck's Pension Scheme and the European Fertility Decline
Fenge, Robert; Scheubel, Beatrice - 2021
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...
Persistent link: https://www.econbiz.de/10013315719
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Public pensions, changing employment patterns, and the impact of pension reforms across birth cohorts : a microsimulation analysis for Germany
Geyer, Johannes; Steiner, Viktor - 2010
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced...
Persistent link: https://www.econbiz.de/10003942294
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One Pillar Crumbling, the Others Too Short : Old-Age Provision in Germany
Werding, Martin - 2016
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10012996684