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Social security and the interactions between aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014

We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...

Persistent link: https://www.econbiz.de/10010359333

Examining the gender wealth gap in Germany

Sierminska, Eva (contributor); Frick, Joachim R. (contributor) - 2008

evidence for a significant gender wealth gap of about 30,000 euros in Germany, which amounts to almost 50,000 euros for married … partners. Decomposition analyses reveal that this gap is mostly driven by differences in characteristics between men and women … women transform their characteristics into wealth. -- Wealth gap ; wealth inequality ; gender ; SOEP …

Persistent link: https://www.econbiz.de/10003729420

Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: September 22, 2014

Persistent link: https://www.econbiz.de/10011280253

On welfare effects of increasing retirement age

Makarski, Krzysztof; Tyrowicz, Joanna - 2018

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....

Persistent link: https://www.econbiz.de/10011821425

Inequality in an OLG economy with heterogeneous cohorts and pension systems

Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...

Persistent link: https://www.econbiz.de/10011876189

The political (in)stability of funded social security

Beetsma, Roel; Komada, Oliwia; Makarski, Krzysztof; … - 2021

We analyze the political stability of funded social security. Using a stylized theoretical framework we study the mechanisms behind governments capturing social security assets in order to lower current taxes. The results and the driving mechanisms carry over to a fully-fledged and carefully...

Persistent link: https://www.econbiz.de/10012648353

Efficiency versus insurance: capital income taxation and privatizing social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10012653219

The impact of risk aversion, role models, and the regional milieu on the transition from unemployment to self-employment : empirical evidence for Germany

Wagner, Joachim - 2002

The focus of this paper is on the choice of the unemployed between becoming an entrepreneur or not. It contributes to the literature by empirically investigating two hitherto neglected issues: What is the impact of risk aversion and personal contact with a role model in shaping the decision to...

Persistent link: https://www.econbiz.de/10011410741

The role of the regional milieu for the decision to start a new firm : empirical evidence for Germany

Wagner, Joachim; Sternberg, Rolf G. - 2002

are lacking in Germany, we know from empirical studies that entry rates differ between regions, and that the propensity to …

Persistent link: https://www.econbiz.de/10011411296

German works councils old and new : incidence, coverage and determinants

Addison, John T.; Bellmann, Lutz; Schnabel, Claus; … - 2002

Germany, while at the same time charting the determinants of their presence. Furthermore, we identify newly established works …

Persistent link: https://www.econbiz.de/10011411321