Narrow search
Showing 1 - 10 of 1,731
Cover Image
Risk Sharing in Defined-Contribution Funded Pension Systems
Beetsma, Roel M. W. J. - 2011
This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We … consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate …
Persistent link: https://www.econbiz.de/10013118167
Cover Image
Sharing Demographic Risk - Who is Afraid of the Baby Bust?
Ludwig, Alexander; Reiter, Michael - 2021
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10013316485
Cover Image
Intergenerational Risk-Sharing Through Funded Pensions and Public Debt
Chen, Damiaan - 2014
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …
Persistent link: https://www.econbiz.de/10013058155
Cover Image
Fertility, Human Capital Accumulation, and the Pension System
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2021
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...
Persistent link: https://www.econbiz.de/10013316338
Cover Image
Intergenerational Risk Sharing by Means of Pay-as-You-Go Programs - an Investigation of Alternative Mechanisms
Thogersen, Oystein - 2007
the magnitude of the optimal paygo program and the nature of the underlying risk sharing effects are very sensitive to the … chosen combination of risk concepts and stochastic specification of long run aggregate wage income growth. In an additive way … we distinguish between the pooling of wage and capital risks within periods and two different intertemporal risk sharing …
Persistent link: https://www.econbiz.de/10012778396
Cover Image
The Intergenerational Welfare State
Andersen, Torben M. - 2013
The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10013077021
Cover Image
Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes
Karp, Larry S. - 2021
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...
Persistent link: https://www.econbiz.de/10013315881
Cover Image
Après Nous Le Déluge? Direct Democracy and Intergenerational Conflicts in Ageing Societies
Ahlfeldt, Gabriel M. - 2016
To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the...
Persistent link: https://www.econbiz.de/10012996260
Cover Image
Coordinating Intergenerational Redistribution and the Repayment of Public Debt
March, Christoph - 2016
Is there a link between public debt and wealth inequality? Could government bondholders use intra-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we identify coordination and divide-and-conquer as key...
Persistent link: https://www.econbiz.de/10012980578
Cover Image
Trading Off Generations : Infinitely Lived Agent Versus OLG
Schneider, Maik T. - 2012
The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...
Persistent link: https://www.econbiz.de/10013110081