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Aging, taxes and pensions in Switzerland

Keuschnigg, Christian - 2016

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

Persistent link: https://www.econbiz.de/10011416024

Funded and unfunded pension schemes : risk, return and welfare

Miles, David - 2000

pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …

Persistent link: https://www.econbiz.de/10009781509

Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets

Miles, David; Černý, Aleš - 2001

importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

Persistent link: https://www.econbiz.de/10011398101

Forced saving, redistribution and nonlinear social security schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

selfʺ emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

Persistent link: https://www.econbiz.de/10003720340

What is an adequate standard of living during retirement?

Binswanger, Johannes; Schunk, Daniel - 2009

Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...

Persistent link: https://www.econbiz.de/10003923525

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...

Persistent link: https://www.econbiz.de/10010479952

Demography and provisions for retirement : the pension composition, a behavioral approach

Praag, Bernard M. S. van; Hop, J. Peter - 2020

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …

Persistent link: https://www.econbiz.de/10012154725

Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline

Fenge, Robert; Scheubel, Beatrice - 2013

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/10009792218

Optimal pensions in aging economies

Heer, Burkhard - 2015

supply decision and 3) accounts for contributions-defined pensions of the US social security system. With these more …

Persistent link: https://www.econbiz.de/10010477151

The mix between pay-as-you-go and funded pensions and what demography has to do with it

Praag, Bernard M. S. van; Cardoso, Pedro - 2003

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...

Persistent link: https://www.econbiz.de/10011514202