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A Life-Cycle Analysis of Social Security with Housing
Chen, Kaiji - Volkswirtschaftliche Fakultät, … - 2009
This paper incorporates two features of housing in a life-cycle analysis of social security: housing as a durable good and housing market frictions. We find that with housing as a durable good unfunded social security substantially crowds out housing consumption throughout the life cycle. By...
Persistent link: https://www.econbiz.de/10005025746
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The Dynamics of Inequality and Social Security in General Equilibrium
Song, Zheng - Volkswirtschaftliche Fakultät, … - 2008
This paper analyzes the dynamic politico-economic equilibrium of a model where repeated voting on social security and the evolution of household characteristics in general equilibrium are mutually affected over time. In particular, we incorporate within-cohort heterogeneity in a two-period...
Persistent link: https://www.econbiz.de/10005786932
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El ahorro privado de las familias y las pensiones públicas en Alemania y Estados Unidos:¿cumplimiento de la hipótesis del ciclo vital?
Hernandez Martinez, Fernando - Volkswirtschaftliche Fakultät, … - 2007
This paper details how ageing is affecting to private saving and public pensions. In this way, it analyses if Life-Cycle Hypothesis is carrying out for individuals about their saving behaviours and if Pension Public Systems can make them to vary. For this reason, it establishes a specifically...
Persistent link: https://www.econbiz.de/10008578285
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Is the Social Security Crisis Really as Bad as We Think?
Bagchi, Shantanu - Volkswirtschaftliche Fakultät, … - 2013
Because they ignore the household-level and macroeconomic adjustments associated with longevity improvements, the actuarial projections of the Social Security Administration overestimate the Social Security crisis. Using a general-equilibrium model with heterogeneous agents and incomplete...
Persistent link: https://www.econbiz.de/10011111190
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Pension savings and economic growth
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012
Savers, including pension savers, convert savings into assets: homes,government bonds and shares.The conversion of … savings is for the very long term. Once monies are turned into assets, the reverse process of turning assets into cash cannot …
Persistent link: https://www.econbiz.de/10011111570
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Il Pay-as-You-Go in Europa attraverso i Programmi di Stabilità. Le risorse che gli attivi/occupati dovranno mettere a disposizione per finanziare il welfare
SALERNO, Nicola Carmine - Volkswirtschaftliche Fakultät, … - 2013
Mid-long term projections of the Stability Programs (SP) are elaborated to simulate the burden each active citizen or each worker will have to bear for financing, via pay-as-you-go, public health care provisions and public pensions. It is worth mentioning that projections in the (SP) are those...
Persistent link: https://www.econbiz.de/10011112866
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The Pension Scheme in Vietnam: Current Status and Challenges in an Aging Society
Giang, Thanh Long - Volkswirtschaftliche Fakultät, … - 2004
The publicly-managed Pay-As-You-Go (PAYG) defined-benefit pension scheme in Vietnam is described, with an analysis of its financial sustainability in the context of an aging society in a dynamically efficient economy. By using actuarial models developed by the International Labor Organization...
Persistent link: https://www.econbiz.de/10005790016
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Las empresas de participación ante el reto de la gestión del cambio demográfico
Martín López, Sonia - Volkswirtschaftliche Fakultät, … - 2006
The demographic change that is lived worldwide, and of particular form in Europe, as consequence of the aging of the population because of the increase of the life expectancy and the drastic reduction of the rates of fertility, has made jump the alarms because of the need to get a suitable...
Persistent link: https://www.econbiz.de/10005835601
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Consumption & Savings Behavior in Pakistan
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2012
Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … had been explained to a large extent by differences in the rate of savings which also determine a country’s investment in … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …
Persistent link: https://www.econbiz.de/10011258849
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Participation in private retirement savings plans, 1997 to 2008
Moussaly, Karim - Volkswirtschaftliche Fakultät, … - 2010
Amidst the financial crisis and changes in the labour market, retirement savings plans are subject to greater scrutiny …. The retirement income system in Canada stands on both public and private retirement savings plans. This article describes … the coverage of Canadian workers by private retirement savings plans. Using cross-sectional tax data from the T1 Family …
Persistent link: https://www.econbiz.de/10008595913