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Pensions and fertility: back to the roots - The introduction of Bismarck's pension scheme and the European fertility decline
Fenge, Robert; Scheubel, Beatrice - 2014
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension system on … fertility works via the impact of contributions in such a system on disposable income as well as via the impact on future …
Persistent link: https://www.econbiz.de/10011605779
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Pensions and Fertility : Back to the Roots -- The Introduction of Bismarck's Pension Scheme and the European Fertility Decline
Fenge, Robert - 2014
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension system on … fertility works via the impact of contributions in such a system on disposable income as well as via the impact on future …
Persistent link: https://www.econbiz.de/10013047746
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Employment duration and shifts into retirement in the EU
Aranki, Ted; Macchiarelli, Corrado - 2013
The decision to cease working is traditionally influenced by a wide set of socio-economic and environmental variables. In this paper, we study transitions out of work for 26 EU countries over the period 2004-2009 in order to investigate the determinants of retirement based on the Eurostat Survey...
Persistent link: https://www.econbiz.de/10011605562
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On the retirement effect of inheritance: Heterogeneity and the role of risk aversion
Garbinti, Bertrand; Georges-Kot, Simon - 2019
This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature allows us to compare current retirement rates among...
Persistent link: https://www.econbiz.de/10012142066
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Employment Duration and Shifts into Retirement in the EU
Aranki, Ted - 2013
The decision to cease working is traditionally influenced by a wide set of socio-economic and environmental variables. In this paper, we study transitions out of work for 26 EU countries over the period 2004-2009 in order to investigate the determinants of retirement based on the Eurostat Survey...
Persistent link: https://www.econbiz.de/10013086839
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On the Retirement Effect of Inheritance : Heterogeneity and the Role of Risk Aversion
Garbinti, Bertrand - 2019
This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature allows us to compare current retirement rates among...
Persistent link: https://www.econbiz.de/10012894812
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Public pensions and growth
Lambrecht, Stéphane; Michel, Philippe; Vidal, Jean-Pierre - 2001
This paper investigates the relationship between the size of an unfunded public pension system and economic growth in an overlapping generation economy, in which altruistic parents finance the education of their children and leave bequests. Unlike the existing literature, we model...
Persistent link: https://www.econbiz.de/10011604136
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Fiscal sustainability and public debt in an endogenous growth model
Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004
This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...
Persistent link: https://www.econbiz.de/10011604441
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Population ageing and public pension reforms in a small open economy
Nickel, Christiane; Rother, Philipp; Theophilopoulou, … - 2008
This paper aims to address the issue of public pension reforms under demographic ageing that is likely to occur in Europe over the next 50 years. Three possible scenarios are analysed in a Blanchard OLG framework. These include: i) a decrease both in public pensions and the lump sum labour...
Persistent link: https://www.econbiz.de/10011604909
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Fiscal sustainability and policy implications for the euro area
Balassone, Fabrizio; Cunha, Jorge; Langenus, Geert; … - 2009
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10011605040