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The sustainability of the pay-as-you-go system with falling birth rates
Praag, Bernard M. S. van; Cardoso, Pedro - 2002
will result in a reduction of average welfare and an increase in the income inequality between workers and retired people/individuals. …
Persistent link: https://www.econbiz.de/10011326408
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Optimal sharing of labor productivity risks and mix of pay-as-you-go and savings
Kusmerski Bilard, Debora - 2008
The paper addresses two related issues: the optimal intergenerational sharing of laborproductivity risks, through a Pay-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that partial contingency of the social security on...
Persistent link: https://www.econbiz.de/10011376622
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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 … rate, the interest rate and the capital-income ratio. It follows that the pension composition in general and social …
Persistent link: https://www.econbiz.de/10011870742
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Flexible pension take-up in social security
Adema, Yvonne; Bonenkamp, Jan; Meijdam, Lex - 2013
Persistent link: https://www.econbiz.de/10009784943
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Voluntary participation and intergenerational risk sharing in a funded pension system
Beetsma, Roel; Romp, Ward E.; Vos, Siert J. - 2011 - This version: March 16, 2011
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10011386164
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Intergenerational risk sharing with market liquidity risk
Dimitrov, Daniel - 2022
This paper examines the optimal allocation of risk across generations whose savings mix is subject to illiquidity in the form of uncertain trading costs. We use a stylized two-period OLG framework, where each generation makes a portfolio allocation decision for retirement, and show that...
Persistent link: https://www.econbiz.de/10013175574
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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
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Population ageing and pension reform in a small open economy with non-traded goods
Bettendorf, Leon; Heijdra, Ben J. - 2005
Persistent link: https://www.econbiz.de/10002618616
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The sustainability of the pay-as-you-go system with falling birth rates
Praag, Bernard M. S. van; Cardoso, Pedro - 2002
Persistent link: https://www.econbiz.de/10001650579
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Spillovers in childbearing decisions and fertility transitions : evidence from China
Rossi, Pauline; Xiao, Yun - 2020
local share of Han, we estimate that a woman gives birth to 0.65 fewer children if the average completed fertility among her …This article uses China's family planning policies to quantify and explain spillovers in fertility decisions. We test … whether ethnic minorities decreased their fertility in response to the policies, although only the majority ethnic group, the …
Persistent link: https://www.econbiz.de/10012233328