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-spans. We derive the optimal direction of redistribution and show how it is affected by a gender neutrality rule. With singles … concave redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed … when the transformation is sufficiently concave. Under gender neutrality pension schemes must be self-selecting. With …
Persistent link: https://www.econbiz.de/10012542151
We conduct a survey experiment with four thousand German respondents and provide information on two measures of gender … inequality, separately or jointly: the gender gap in earnings and the gender gap in pensions. We analyze the effect of … information provision on respondents' views on the importance of reducing gender inequality and on their agreement with the …
Persistent link: https://www.econbiz.de/10014464334
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10003299364
The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...
Persistent link: https://www.econbiz.de/10011429587
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt. We use a multi-period overlapping generations model with a PAYG pension pillar, a funded pension pillar and a government. Shocks are smoothed via the public debt and variations...
Persistent link: https://www.econbiz.de/10010238325
Persistent link: https://www.econbiz.de/10003630534
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10012668785
We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life expectancy magnifies the negative effect on the...
Persistent link: https://www.econbiz.de/10012029124
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014292762
We investigate the role of firms in intergenerational mobility by decomposing the intergenerational elasticity of earnings (IGE) into firm-IGE and individual-IGE using a two-way fixed effects framework. Using data from Israel, we find that the firm component is responsible for 22% of the overall...
Persistent link: https://www.econbiz.de/10014427587