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Demographic change and bank profitability : empirical evidence from German savings banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010

industry. A unique data set, which contains detailed information on almost 2.5 million accounts in 11 German savings banks … higher profits for their banks. -- demography ; banking ; savings banks ; profitability …

Persistent link: https://www.econbiz.de/10003925219

The crisis of Germany's pension insurance system and how it can be resolved

Sinn, Hans-Werner - 1999

crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …

Persistent link: https://www.econbiz.de/10009781686

Do retirement savings increase in response to information about retirement and expected pensions?

Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 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/10011782119

One pillar crumbling, the others too short : old-age provision in Germany

Werding, Martin - 2016

Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked … recovery from the Great Recession. It has disadvantages, as Germany will be ageing very rapidly in the near future. Following a …

Persistent link: https://www.econbiz.de/10011429583

Ageing, funded pensions and the Dutch economy

Bovenberg, Ary Lans (contributor); Knaap, Thijs (contributor) - 2005

This paper attempts to paint a coherent picture of the effects of ageing on a small, open, economy with large pension funds in different institutional settings. Quantitative scenarios are projected with an applied computable general equilibrium model with institutional details. We find that...

Persistent link: https://www.econbiz.de/10002578110

Reforming pensions in Europe : economic fundamentals and political factors

Schneider, Ondřej - 2009

This paper analyzes pension reforms in Europe and their determinants. As pension reforms are intrinsically difficult to define and pinpoint, we introduce an alternative measure of pension reforms by comparing long-term forecasts of pension expenditures for seventeen European countries. The...

Persistent link: https://www.econbiz.de/10003813619

Pension design when fertility fluctuates : the role of capital mobility and education financing

Zamac, Jovan (contributor) - 2005

This study compares alternative designs of an unfunded pension system. Convex combinations between a fixed contribution rate and a fixed benefit rate are considered. The objective is to maximize the expected ex-ante welfare under stochastic fertility. The model is a three-period CGE framework...

Persistent link: https://www.econbiz.de/10003202859

How sustainable are old-age pensions in a shrinking population with endogenous labour supply?

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

In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...

Persistent link: https://www.econbiz.de/10011514183

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

Construction and impact of a buffer fund within the French PAYG pension scheme in a demo-economic model

Hamayon, Stéphane; Legros, Florence - 2001

This paper provides some results from a model built in order to study the linked impacts of demography and economy on theFrench pension scheme. The demo-economic model which is used is a neo-cambridgian model with two types of agents in aclosed economy. Since it includes a very thin description...

Persistent link: https://www.econbiz.de/10011399575