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Simulating the Privatization of Social Security in General Equilibrium

Kotlikoff, Laurence J. - 2022

This paper studies the macroeconomic and efficiency effects of privatizing social security. It does so by simulating …, the pure efficiency gains from privatization are also substantial. Efficiency gains refers to the welfare improvement … precise size of the efficiency gain depends on the existing tax structure, the linkage between benefits and taxes under the …

Persistent link: https://www.econbiz.de/10013324137

The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation

Abel, Andrew B. - 2021

This paper develops a tractable stochastic overlapping generations model to analyze the equilibrium equity premium and growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust Fund increases the share of its portfolio held in...

Persistent link: https://www.econbiz.de/10013216852

Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design

Ball, Laurence; Mankiw, N. Gregory - 2021

This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of ignorance' could share risk with one another through...

Persistent link: https://www.econbiz.de/10013248396

Bank deregulation, competition and economic growth : the US free banking experience

Ager, Philipp; Spargoli, Fabrizio - 2013

) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a …

Persistent link: https://www.econbiz.de/10010227307

Accounting for technology heterogeneity in the measurement of persistent and transient inefficiency

Skevas, Ioannis - In: Economic modelling 137 (2024), pp. 1-8

Persistent link: https://www.econbiz.de/10014549231

Social Security, Demographic Trends, and Economic Growth : Theory and Evidence from the International Experience

Ehrlich, Isaac; Kim, Jinyoung - 2021

The worldwide problem with pay-as-you-go (PAYG) social security systems isn't just financial. This study indicates that these systems may have exerted adverse effects on key demographic factors, private savings, and long-term growth rates. Through a comprehensive endogenous-growth model where...

Persistent link: https://www.econbiz.de/10013227017

Alternative approaches to discrete working time choice in an AGE framework

Arntz, Melanie; Boeters, Stefan; Gürtzgen, Nicole - In: Economic modelling 23 (2006) 6, pp. 1008-1032

Persistent link: https://www.econbiz.de/10003387617

Inference for adaptive time series models : stochastic volatility and conditionally Gaussian state space form

Bos, Charles S.; Shephard, Neil G. - 2004

In this paper we replace the Gaussian errors in the standard Gaussian, linear state space model with stochastic volatility processes. This is called a GSSF-SV model. We show that conventional MCMC algorithms for this type of model are ineffective, but that this problem can be removed by...

Persistent link: https://www.econbiz.de/10011334849

On loss functions and ranking forecasting performances of multivariate volatility models

Laurent, Sébastien; Rombouts, Jeroen V. K.; Violante, … - In: Journal of econometrics 173 (2013) 1, pp. 1-10

Persistent link: https://www.econbiz.de/10009719647

Modelling of scale change, periodicity and conditional heteroskedasticity in return volatility

Feng, Yuanhua; McNeil, Alexander J. - In: Economic modelling 25 (2008) 5, pp. 850-867

Persistent link: https://www.econbiz.de/10003800096

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