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On welfare effects of increasing retirement age

Makarski, Krzysztof; Tyrowicz, Joanna - 2018

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....

Persistent link: https://www.econbiz.de/10011821425

Inequality in an OLG economy with heterogeneous cohorts and pension systems

Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...

Persistent link: https://www.econbiz.de/10011876189

The political (in)stability of funded social security

Beetsma, Roel; Komada, Oliwia; Makarski, Krzysztof; … - 2021

We analyze the political stability of funded social security. Using a stylized theoretical framework we study the mechanisms behind governments capturing social security assets in order to lower current taxes. The results and the driving mechanisms carry over to a fully-fledged and carefully...

Persistent link: https://www.econbiz.de/10012648353

Efficiency versus insurance: capital income taxation and privatizing social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10012653219

Industrial relations and the wage differentials between skilled and unskilled blue-collar workers within establishments : an empirical analysis with data of manufacturing firms

Hübler, Olaf; Meyer, Wolfgang - 2000

Increased wage inequality between skilled and unskilled workers is a stylized fact, which can be observed in many developed countries. Among the explanations advanced for this phenomenon is the increasing globalization, a skill-biased technical progress, restructuring of the firms, and last but...

Persistent link: https://www.econbiz.de/10011336867

The role of body weight for health, earnings and life satisfaction

Hübler, Olaf - 2019

. Overweight women are less satisfied than others while this is not confirmed for underweight men from eastern Germany. When …. Underweight women earn more and overweight less than others. For normal-weight men the income is on average higher than for over … public sector the sign of the coefficient changes. The results for eastern Germany are different with respect to satisfaction …

Persistent link: https://www.econbiz.de/10011972451

Paid and unpaid overtime working in Germany and the UK

Bell, David N. F.; Hart, Robert A.; Hübler, Olaf; … - 2000

can either be paid or unpaid. This research considers overtime working in Germany and the UK and shows that the …

Persistent link: https://www.econbiz.de/10011325986

Works councils and collective bargaining in Germany : the impact on productivity and wages

Hübler, Olaf; Jirjahn, Uwe - 2001

bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective …

Persistent link: https://www.econbiz.de/10011402748

Are tall people less risk averse than others?

Hübler, Olaf - 2012

This paper examines the question of whether risk aversion of prime-age workers is negatively correlated with human height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results that permit one to answer this question in the...

Persistent link: https://www.econbiz.de/10009534969

Stabilität und Wandel von Arbeitsmarktinstitutionen aus wettbewerbsökonomischer Sicht

Göddeke, Anna K. (contributor); Haucap, Justus (contributor) - 2011

market competition. In particular, we analyse some current developments in Germany, such as the introduction of sector …

Persistent link: https://www.econbiz.de/10008904360