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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
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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
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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
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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
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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
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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
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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
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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
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On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting
Abío, G.; Mahieu, Geraldine; Patxot, Cio - 2003
In order to help in designing an accurate pension reform, we determine the resource allocation in an endogenous fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We analyze the problem of the optimal solution and...
Persistent link: https://www.econbiz.de/10011402633
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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