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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 … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
Persistent link: https://www.econbiz.de/10009792218
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The role of social security in household decisions : var estimates of saving and fertility behaviour in Germany
Cigno, Alessandro; Casolaro, Luca; Rosati, Furio Camillo - 2000
Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive … effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …, the negative effect of social security on fertility tends to erode the system s own contributory base, because it reduces …
Persistent link: https://www.econbiz.de/10009780203
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Inherited wealth and demographic aging
Onder, Harun; Pestieau, Pierre - 2016
annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … distributed if aging is driven by a drop in fertility. In comparison, the effect of increasing longevity on their distribution in …
Persistent link: https://www.econbiz.de/10011499894
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Aging, social security design, and capital accumulation
Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2015
shows that the type of aging, i.e. declining fertility or increasing longevity, and the type of unfunded social security … unregulated. In comparison, when aging is driven by a decreasing fertility rate, a mandatory retirement system fosters more …
Persistent link: https://www.econbiz.de/10011392492
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On the political economy of social security and public education
Poutvaara, Panu - 2001
This paper proposes and analyzes a model of a European economy with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate...
Persistent link: https://www.econbiz.de/10011398016
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011482705
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Aging, social security design, and capital accumulation
Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2016
the type of aging, i.e. declining fertility or increasing longevity, and the type of pension system, i.e. defined … fertility, a mandatory retirement system with defined contributions fares better. …
Persistent link: https://www.econbiz.de/10011499785
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The political economy of social security
Casamatta, Georges; Cremer, Helmuth; Pestieau, Pierre - 2000
We consider a two-period overlapping generations model in which individual voters differ by age and by productivity. In such a setting, a redistributive Pay-As-You-Go system is politically sustainable, even when the interest rate is larger than the rate of population growth. The workers with...
Persistent link: https://www.econbiz.de/10009781530
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The macroeconomic effects of longevity risk under private and public insurance and asymmetric information
Heijdra, Ben J.; Jiang, Yang; Mierau, Jochen O. - 2017
We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
Persistent link: https://www.econbiz.de/10011761551
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Parental leave benefit and differential fertility responses : evidence from a German reform ; presented at CESifo Area Conference on Employment and Social Protection, May 2015
Cygan-Rehm, Kamila - 2015
This paper examines the causal effects of a major change in the German parental leave benefits on fertility. I use the …
Persistent link: https://www.econbiz.de/10011280834