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How to avoid a pension crisis : a question of intelligent system design

Cigno, Alessandro - 2009

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Persistent link: https://www.econbiz.de/10003820014

Pensions and fertility incentives

Fenge, Robert; Meier, Volker - 2003

This paper discusses the efficiency of a pay-as-you-go pension reform by introducing a child benefit in an endogenous fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor supply. The optimum share of fertility-related pensions...

Persistent link: https://www.econbiz.de/10011506226

Are family allowances and fertility-related pensions siamese twins?

Fenge, Robert; Meier, Volker - 2004

This paper discusses alternative ways to deal with the positive externalities of having children in a pay-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an endogenous labor supply setting, both instruments are...

Persistent link: https://www.econbiz.de/10011402545

Pension information and women's awareness

Angelici, Marta; Del Boca, Daniela; Oggero, Noemi; … - 2020

We explore the role of financial and pension information in increasing women's knowledge and awareness of their future … pension status, and consequently, in reducing the gender pension gap. A representative sample of 1249 Italian working women … then ran a randomized experiment to evaluate the effect of increased information regarding pensions on women’s awareness …

Persistent link: https://www.econbiz.de/10012288024

Fighting lone mothers' poverty through in-work benefits : methodological issues and policy suggestions

Pronzato, Chiara Daniela - 2013

Lone mothers are overrepresented among poor people in many European countries. In 1998, in Norway, a welfare reform increased the amount of benefits and introduced working requirements. Using a quasi-experimental model, Mogstad and Pronzato (2012) find a positive effect of the reform on lone...

Persistent link: https://www.econbiz.de/10009786019

Age-specific entrepreneurship and PAYG public pensions in Germany

Heer, Burkhard; Trede, Mark - 2020

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We … Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …

Persistent link: https://www.econbiz.de/10012249285

The welfare economics of reference dependence

Reck, Daniel; Seibold, Arthur - 2022

Empirical evidence suggests that individuals often evaluate options relative to a reference point, especially seeking to avoid losses. In this paper, we provide the first welfare analysis under reference-dependent preferences. We decompose the welfare impact of changes in reference points and...

Persistent link: https://www.econbiz.de/10013411537

Pension reform preferences in Germany : does information matter?

Schuetz, Jana; Übelmesser, Silke; Baginski, Ronja; … - 2022

are necessary, but often lack public support. Based on representative survey data from Germany, we conduct a survey …

Persistent link: https://www.econbiz.de/10013440454

Sharing demographic risk : who is afraid of the baby bust?

Ludwig, Alexander (contributor); Reiter, Michael (contributor) - 2008

We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...

Persistent link: https://www.econbiz.de/10003771791

On the fairness of early retirement provisions

Breyer, Friedrich (contributor); Hupfeld, Stefan (contributor) - 2007

Persistent link: https://www.econbiz.de/10003598597