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at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages …
Persistent link: https://www.econbiz.de/10009403451
observations suggest that they might be an important contributing factor in accounting for differences in retirement. I assess … quantitatively the importance of these features using a life cycle general equilibrium model of retirement. I find that the … important contributing factors to account for the differences in retirement. …
Persistent link: https://www.econbiz.de/10008540982
equilibrium model of retirement. I find that the differences in social security can indeed account for the differences in …
Persistent link: https://www.econbiz.de/10008549596
system on retirement decisions. The 1992 reform is an interesting example since it was implemented when: (a) the system was … very generous to retirees; (b) the demographic context was dramatic;(c) an early retirement provision, and no actuarial … fairness, distorted retirement choices. I use the reform as a natural experiment and exploit its differential effect on …
Persistent link: https://www.econbiz.de/10005029694
older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60 …
Persistent link: https://www.econbiz.de/10011107614
job-related factors, can significantly influence the decision to postpone retirement when this decision is in the hands of …
Persistent link: https://www.econbiz.de/10011261123
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
This paper investigates the future development of the Austrian population for the period from 2005 to 2035. The main focus of our investigation lies on the working age population and its age structure. Our calculations are based on the population projection released by Statistik Austria in 2005....
Persistent link: https://www.econbiz.de/10005789467
This paper investigates the steady state and dynamical effects of two historical alternatives as a means of old-age insurance – i.e., voluntary intra-family transfers from young to old members versus pay-as-you-go public pensions –, in a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10008636500
We show that the introduction of unfunded public pensions in a Cobb-Douglas economy with overlapping generations and endogenous fertility may cause complex economic cycles when individuals are short-sighted. In particular, the risk of cyclical instability increases with both the individual...
Persistent link: https://www.econbiz.de/10008545960