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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
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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
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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
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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
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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
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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
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On the fairness of early retirement provisions
Breyer, Friedrich (contributor); Hupfeld, Stefan (contributor) - 2007
Persistent link: https://www.econbiz.de/10003598597
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Should pensions be progressive? : yes, at least in Germany!
Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011
Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …
Persistent link: https://www.econbiz.de/10009375717
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The rationale for fundamental pension reform in Germany and the United States : an assessment
Burtless, Gary - 2001
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries …
Persistent link: https://www.econbiz.de/10011399275
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When will the Germans get trapped in their pension system?
Sinn, Hans-Werner; Übelmesser, Silke - 2001
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms …. After 2023, Germany will be characterizedby a gerontocratic system where the old decide over the young. Only the fearthat …
Persistent link: https://www.econbiz.de/10011400295