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This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
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undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension …
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subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but …
Persistent link: https://www.econbiz.de/10011281656
In this paper, we study the relationship between intrahousehold bargaining styles, bar-gaining power and individual pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household Finances (PHF) survey. The paper builds on a theoretical...
Persistent link: https://www.econbiz.de/10012697947
This study analyzes portfolio recommendations of financial experts, finding significant differences in portfoliostructure depending on the experts' institutional background. The recommendationsystem from a survey of 250 financial experts from banks, insurance companies, investment funds and...
Persistent link: https://www.econbiz.de/10013428214
Im langfristigen Zeithorizont der kapitalgedeckten Altersvorsorge kommt Kostenunterschieden zwischen verschiedenen …
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system. The cohort effect, by contrast, results in winners and losers in PAYG systems. Taking Germany as an example and using …
Persistent link: https://www.econbiz.de/10012313783