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Decomposition of Demographic Effects on the German Pension System
Fenge, Robert - 2018
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10012926557
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Aging, Taxes and Pensions in Switzerland
Keuschnigg, Christian - 2016
The gains in life expectancy are expected to double the dependency ratio and increase population by 10% in Switzerland until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model with five margins of labor supply: labor market...
Persistent link: https://www.econbiz.de/10012998268
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Retirement, Pensions, and Ageing
Heijdra, Ben J.; Romp, Ward E. - 2021
We study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal...
Persistent link: https://www.econbiz.de/10013317087
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Ageing and the Welfare State : Securing Sustainability
Meier, Volker - 2010
Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...
Persistent link: https://www.econbiz.de/10013148297
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Alternative Social Security Systems and Growth
Kaganovich, Michael; Zilcha, Itzhak - 2021
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
Persistent link: https://www.econbiz.de/10013316496
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Demographic Structure and Macroeconomic Trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10013316605
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Population Aging, Social Security and Fiscal Limits
Heer, Burkhard - 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/10012912616
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Eliciting Individual Preferences for Pension Reform
Abid Fourati, Yosr; O'Donoghue, Cathal - 2021
Pension systems have recently been under scrutiny because of the expected population ageing threatening its sustainability. This paper’s contribution to the debate is from a political economic perspective as it uses data from a Choice Experiment to investigate individual preferences for an...
Persistent link: https://www.econbiz.de/10013316320
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Global Demographic Change and Climate Policies
Gerlagh, Reyer - 2017
Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate dropped from 5 to about 2.5. We develop and calibrate an analytic climate-economy model with overlapping generations to study the effect of such demographic change on capital...
Persistent link: https://www.econbiz.de/10012947882