Showing 1 - 10 of 1,042
well as our broader (policy) attitudes and values. We fielded large online survey experiments in Italy, Spain, Germany and …
Persistent link: https://www.econbiz.de/10012263741
importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …
Persistent link: https://www.econbiz.de/10011398101
In this paper we address the question whether in case of population ageing a transition from an unfunded to a more funded pension scheme is politically feasible in a representative democracy. We consider two parties: a right-wing party which is willing to trade off intragenerational equity...
Persistent link: https://www.econbiz.de/10011399334
pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …
Persistent link: https://www.econbiz.de/10009781509
To investigate how Covid-19 is shaping the way Europeans think about institutions, we conducted a large online survey experiment during the first wave of the epidemic (June). With a randomised survey ow we varied whether respondents are given Covid-related treatment questions first, before...
Persistent link: https://www.econbiz.de/10012404578
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
public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … direct way to increase public pensions, increase after receiving the letter. …
Persistent link: https://www.econbiz.de/10011782119
until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …
Persistent link: https://www.econbiz.de/10011416024
rules, such as a link between life expectancy and pensions or retirement age, the tax regime shift can be used to improve …
Persistent link: https://www.econbiz.de/10011404399
This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot … commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces …
Persistent link: https://www.econbiz.de/10011405644