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Demographic change and regional labour markets

Böhm, Michael; Gregory, Terry; Qendrai, Pamela; … - 2020

Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial … supply effects of ageing on regional labour market outcomes, drawing on the identification strategy of Böhm and Siegel (2020 … age rises. A decomposition of the heterogeneous regional trends using our estimates shows that ageing of rural regions is …

Persistent link: https://www.econbiz.de/10012314983

Imbalance, inequality, equity, and adjustment in Pay-As-You-Go pension systems in developing countries : an empirical analysis with data from Brazil

Moreira, Ajax; Foguel, Miguel Nathan; Ferreira, Sérgio … - 2022

Using an empirical age-period-cohort model we analyze the effects of different Pay-As-You-Go (PAYG) public pension systems on financial imbalance, on inequality in permanent income, and on the rate of return of social security assets of heterogeneous agents in terms of gender and education....

Persistent link: https://www.econbiz.de/10014429275

The effects of sanctions on Russian banks in TARGET2 transactions data

Drott, Constantin; Goldbach, Stefan; Nitsch, Volker - 2022

This short paper examines the effect of financial sanctions at the most disaggregated level possible, individual bank accounts. Using data from the Eurosystem's real-time gross settlement system TARGET2, we provide empirical evidence that sanctions imposed by the European Union on Russian banks...

Persistent link: https://www.econbiz.de/10013399774

Language proficiency and homeownership : evidence from U.S. immigrants

Luik, Marc-André; Steinhardt, Max Friedrich; Voss, Simon - 2023

In this paper we deliver first causal evidence on the relationship between immigrant host country language proficiency and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on the propensity to own a home and the quality of housing....

Persistent link: https://www.econbiz.de/10014235116

Public pensions, changing employment patterns, and the impact of pension reforms across birth cohorts : a microsimulation analysis for Germany

Geyer, Johannes; Steiner, Viktor - 2010

We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced...

Persistent link: https://www.econbiz.de/10003962861

Can education compensate the effect of population aging on macroeconomic performance? : evidence from panel data

Kotschy, Rainer; Sunde, Uwe - 2018

This paper investigates the consequences of population aging and of changes in the education composition of the population for macroeconomic performance. Estimation results from a theoretically founded empirical framework show that aging as well as the education composition of the population...

Persistent link: https://www.econbiz.de/10011930455

The rising longevity gap by lifetime earnings : distributional implications for the pension system

Haan, Peter; Kemptner, Daniel; Lüthen, Holger - 2017

This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and...

Persistent link: https://www.econbiz.de/10011740362

Der langfristige Zusammenhang zwischen demographischen und budgetären Variablen

Ulrich, Volker; Erbsland, Manfred - 1996

The German population is aging. Since fewer children are born and simultaneously life expectancy rises, demographic changes will lead to a double aging process. The paper analyzes the effects of demographic changes on the public budget by applying a cointegration analysis to global budget...

Persistent link: https://www.econbiz.de/10011619306

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

Demographic change and the rate of return in PAYG pension systems

Schön, Matthias - 2020

persistence: (1) A slow, monotonic and (presum-ably) permanent ageing effect caused by an increasing life expectancy; (2) a … shows the ageing effect has a positiveimpact on the rates of return households generate within pay-as-you-go (PAYG) pension …

Persistent link: https://www.econbiz.de/10012313783