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Demographic change and the rate of return in PAYG pension systems
Schön, Matthias - 2020
The currently observed demographic change consists of two independent develop-ments that differ in structure and persistence: (1) A slow, monotonic and (presum-ably) permanent ageing effect caused by an increasing life expectancy; (2) a morerapidly changing, non-monotonic and less permanent...
Persistent link: https://www.econbiz.de/10012313783
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Long-term outlook for the German statutory pension system
Schön, Matthias - 2020
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,...
Persistent link: https://www.econbiz.de/10012197894
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Industry-level wage bargaining : a partial rehabilitation; the German experience
Fitzenberger, Bernd; Franz, Wolfgang - 1999
In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be …
Persistent link: https://www.econbiz.de/10013428257
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Pensions and voting equilibria in an overlapping generation model with heterogeneous agents
Mahieu, Géraldine; Rottier, Stéphane - 1999
Persistent link: https://www.econbiz.de/10001444762
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A note on capital income taxation with involuntary unemployment
Watanabe, Minoru - 2021
Persistent link: https://www.econbiz.de/10012667887
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Human capital creates insider power
Muysken, John; Zwick, Thomas - 1999
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10013428249
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Wage divergence and unemployment : the impact of insider power and training costs
Muysken, Joan - 2000
The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …
Persistent link: https://www.econbiz.de/10013428334
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Consumption taxation to finance pension payments
Ruppert, Kilian; Schön, Matthias; Stähler, Nikolai - 2021
This paper assesses how a permanent shift from financing a public pay-as-you-go pension by direct (labour income) taxation towards financing it by indirect(consumption) taxation affects the economy and welfare. To this end, we use anoverlapping-generations-augmented two-region general...
Persistent link: https://www.econbiz.de/10012792525
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Robot tax, unemployment and endogenous fertility in an overlapping generations model
Watanabe, Minoru - 2023
Persistent link: https://www.econbiz.de/10014364713