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Who lacks pension knowledge, why and does it matter? Evidence from Swedish retirement savers
Elinder, Mikael; Hagen, Johannes; Nordin, Mattias; … - 2020
Recent pension reforms have shifted a larger responsibility towards savers. Individuals therefore need better knowledge of the rules and incentives embedded in the pension system to adequately save and prepare for retirement. In this paper, we use a novel Swedish survey matched with high-quality...
Persistent link: https://www.econbiz.de/10012660614
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Wage growth and the measurement of social security's financial condition
Gokhale, Jagadeesh - 2006
Government spending on the elderly is projected to increase rapidly as the American population becomes older. As a result, many policymakers and budget analysts are concerned about the continued viability of entitlement programs such as Social Security. The Social Security trustees' economic...
Persistent link: https://www.econbiz.de/10010266531
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On the Design of Sustainable and Fair PAYG Pension Systems When Cohort Sizes Change
Knell, Markus - 2005
In this paper, the author deals with the question how to make PAYG pension systems financially resistant to fluctuating fertility rates. The author presents two pension schemes that lead to a permanently balanced budget but differ in the mixture of changes in the contribution rates and...
Persistent link: https://www.econbiz.de/10013370012
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Increasing Life Expectancy and Pay-As-You-Go Pension Systems
Knell, Markus - 2012
In this paper I study how PAYG pension systems of the notional defined contribution type can be designed such that they remain financially stable in the presence of increasing life expectancy. For this to happen two crucial parameters must be set in an appropriate way. First, the remaining life...
Persistent link: https://www.econbiz.de/10013370096
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The Return on Social Security with Increasing Longevity
Knell, Markus - 2015
In this paper I study the impact of increasing longevity on pay-as-you-go pension systems. First, I show that increasing longevity increases their internal rate of return. The size of the effect di ers for di erent policy regimes. It is higher for the case where the retirement age is increased...
Persistent link: https://www.econbiz.de/10013370118
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Actuarial Deductions for Early Retirement
Knell, Markus - 2017
The paper studies how the rates of deduction for early retirement have to be determined in PAYG systems in order to keep their budget stable. I show that the budget-neutral deductions depend on the speci_c rules of the pension system and on the choice of the discount rate which itself depends on...
Persistent link: https://www.econbiz.de/10013370132
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Symmetry axioms and perceived ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017
Since at least de Finetti [7], preference symmetry assumptions have played an important role in models of decision making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff, Mukerji and Seo (KMS) [21] and alternative symmetry...
Persistent link: https://www.econbiz.de/10011927996
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The Inelastic Demand for Affirmative Action
Getik, Demid; Islam, Marco; Samahita, Margaret - 2021
treatments to disentangle the preference for AA stemming from i) perceived gender differences in productivity, ii) beliefs about …, despite successfully altering beliefs about expected productivity differences. Our results suggest that AA choice reflects a …
Persistent link: https://www.econbiz.de/10013208898
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Foundations of ambiguity models under symmetry: α-MEU and smooth ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021
The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the axiomatic foundations of these two models are not completely understood. We provide axiomatic foundations of these models in a symmetric setting with a product state space...
Persistent link: https://www.econbiz.de/10012670885
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War signals: A theory of trade, trust and conflict
Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - 2011
beliefs on the average propensity to trade of the other group. Since confict disrupts trade, the onset of a conflict signals … that the aggressor has a low propensity to trade. Agents observe the history of conflicts and update their beliefs over … process whose frequency depends on the state of endogenous beliefs. Second, the probability of future conflicts increases …
Persistent link: https://www.econbiz.de/10010316887