Similar Search Results

The sustainability of the pay-as-you-go system with falling birth rates

Praag, Bernard M. S. van; Cardoso, Pedro - 2002

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...

Persistent link: https://www.econbiz.de/10011326408

Optimal education when capital markets are integrated

Viaene, Jean-Marie; Zilcha, Itzhak - 1999

Persistent link: https://www.econbiz.de/10001363375

Demography and provisions for retirement : the pension composition, an equilibrium approach

Praag, Bernard M. S. van; Hop, J. Peter - 2018

Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … individual savings, that the fully funded occupational system is decided upon by the age cohort of the median worker and that … decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …

Persistent link: https://www.econbiz.de/10011870742

Optimal sharing of labor productivity risks and mix of pay-as-you-go and savings

Kusmerski Bilard, Debora - 2008

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

Persistent link: https://www.econbiz.de/10011376622

The time-varying volatility of earnings and aggregate precautionary savings

Pozzi, Lorenzo - 2011

Persistent link: https://www.econbiz.de/10009720736

On the origins of entrepreneurship : evidence from sibling correlations

Lindquist, Matthew J.; Sol, Joeri; Praag, Mirjam van; … - 2016

Promoting entrepreneurship has become an increasingly important part of the policy agenda in many countries. The success of such policies, however, rests in part on the assumption that entrepreneurship outcomes are not fully determined at a young age by factors that are unrelated to current...

Persistent link: https://www.econbiz.de/10011539965

Cooperation in an overlapping generations experiment

Offerman, Theo; Potters, Jan; Verbon, Harry A. A. - 1998

Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...

Persistent link: https://www.econbiz.de/10011301169

Population ageing and pension reform in a small open economy with non-traded goods

Bettendorf, Leon; Heijdra, Ben J. - 2004

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...

Persistent link: https://www.econbiz.de/10011343315

A theory of tenure and specific investments

Teulings, Coen N.; Ende, Martin Adriaan van der - 2000

Persistent link: https://www.econbiz.de/10001464817

Macroeconomic disasters and forward-looking consumers : historical evidence and evidence from the Covid-19 pandemic

Pozzi, Lorenzo; Sadaba, Barbara - 2021

Macroeconomic disasters (wars, pandemics, depressions) are characterized by drastic shifts and increased volatility of the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to expectations of future income and consumption growth rates....

Persistent link: https://www.econbiz.de/10012511037

1
2
3
4
5
6
7
8
9
10
Next
Last