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Population Aging, Social Security and Fiscal Limits
Heer, Burkhard - 2018
European countries which have dependency ratios among the highest in the world. We examine the effects on the threshold and …
Persistent link: https://www.econbiz.de/10012912616
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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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Longevity Risk and Taxation of Public Pensions
Lassila, Jukka - 2016
We study transitions from EET tax regime to TEE regime in a defined-benefit pension scheme with a numerical overlapping generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity rules, such as a link between life expectancy...
Persistent link: https://www.econbiz.de/10013001164
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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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Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?
Dolls, Mathias - 2018
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10012925277
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When the State Mirrors the Family : The Design of Pension Systems
Galasso, Vincenzo; Profeta, Paola - 2021
This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of the within family organization on the original design of the public pension systems. We build a simple OLG model with families featuring either weak or strong internal ties....
Persistent link: https://www.econbiz.de/10013316150
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Inter- and Intra-generational Consequences of Pension Buffer Policy under Demographic, Financial and Economic Shocks
Bucciol, Alessandro - 2009
We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...
Persistent link: https://www.econbiz.de/10013156226
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Lessons of the Financial Crisis for the Design of National Pension Systems
Burtless, Gary - 2009
The recent financial crisis and historical record suggest important lessons about the design of national pension systems. First, wide fluctuation in asset returns makes it hard for well-informed savers to select a saving rate or a sensible investment strategy for DC pensions. Workers who follow...
Persistent link: https://www.econbiz.de/10013157457
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Anyone for Social Security Reform?
Sen, Partha - 2016
A reform of a pay-as-you-go social security makes the pensioners worse off and the working generations better off in the period of the reform (in a dynamically efficient economy without altruism). The observed reluctance across all age groups to support such reforms is usually explained by the...
Persistent link: https://www.econbiz.de/10012982332
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A Static Model for Voting on Social Security
Bohn, Henning - 2021
This paper examines a static voting model for public pensions. The key premise is that families can internalize the cost and benefits of pay-as-you-go programs. A family realizes a net gain if its members collectively receive more in benefits in the current period than they pay in payroll taxes....
Persistent link: https://www.econbiz.de/10013316376