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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
while its main originality is to permit a macroeconomic linkage whether with a endogenous growth function or with a …
Persistent link: https://www.econbiz.de/10011399575
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Inherited wealth and demographic aging
Onder, Harun; Pestieau, Pierre - 2016
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894
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Time variation in lifecycle consumption and income
Aksoy, Yunus; Basso, Henrique S.; St. Aubyn, Carolyn - 2020
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …
Persistent link: https://www.econbiz.de/10012177052
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The forecasting power of the ifo business survey
Lehmann, Robert - 2020
The ifo Institute is Germany’s largest business survey provider, with the ifo Business Climate Germany as one of the most important leading indicators for gross domestic product. However, the ifo Business Survey is not solely limited to the Business Climate and also delivers a multitude of...
Persistent link: https://www.econbiz.de/10012219339
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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 contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
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Ageing and the tax implied in public pension schemes : simulations for selected OECD countries
Fenge, Robert; Werding, Martin - 2003
A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the implicit tax that is levied on each generation s life-time income through participation in these systems. The implicit tax arises from the fact that, quite...
Persistent link: https://www.econbiz.de/10011514127
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Demographic structure and macroeconomic trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2016
and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is … found to reduce output growth and real interest rates across OECD countries. …
Persistent link: https://www.econbiz.de/10011457979
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Should pensions be progressive? : yes, at least in Germany!
Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011
Recent reforms that aim at reducing the upcoming burdens of population ageing might seriously harm low income individuals. An increase in old-age poverty and disability will be the result. Under this prospect, the present paper quantitatively characterizes the optimal progressivity of unfunded...
Persistent link: https://www.econbiz.de/10009375717
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Age-specific entrepreneurship and PAYG public pensions in Germany
Heer, Burkhard; Trede, Mark - 2020
5% of total consumption. In addition, the integration of self-employed workers into the social security system in …
Persistent link: https://www.econbiz.de/10012249285
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Human capital accumulation and the macroeconomy in an ageing society
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2012
for consumption and the hours of time supplied to the labour market, they also choose their schooling level and retirement …
Persistent link: https://www.econbiz.de/10009689545