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Persistent link: https://www.econbiz.de/10010464925
pensionreforms led to an increase in the household savings rate in Germany until about2010. As domestic investment opportunities …. After 2010, private savings remained rather stable, but opportunities to investin Germany declined further. Our simulations …
Persistent link: https://www.econbiz.de/10012256500
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
the framework of a large-scale general equilibrium model for Germany and India where Germany may undertake joint … efficient power plants produced in Germany. This provides positive employment effects and additional income for Germany. For … India, joint implementation equips its electricity industry with scarce capital goods leading to a more efficient power …
Persistent link: https://www.econbiz.de/10013428363
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
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
In a three-region New Keynesian life-cycle model calibrated to Germany, the Euro area (without Germany) and the rest of … unsynchronized demographic trends by taking those of Germany as given and assuming constant population everywhere else, we are able …
Persistent link: https://www.econbiz.de/10012101176
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
Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial …
Persistent link: https://www.econbiz.de/10012314983
, necessary adjustments of pay-as-you-go pension systems to an ageing society affect aggregate savings. Taking Germany as an … data projections for OECD countries. It shows that demographic change in Germany is an important determinant of the current …
Persistent link: https://www.econbiz.de/10012406006