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Old Europe Ages : Reforms and Reform Backlashes

Börsch-Supan, Axel - 2010

focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …

Persistent link: https://www.econbiz.de/10013147613

Propagation and Smoothing of Shocks in Alternative Social Security Systems

Auerbach, Alan J. - 2013

-equilibrium overlapping generations model to incorporate realistic patterns of fertility and mortality and shocks to productivity, fertility … and mortality, we evaluate the effectiveness of the three public pension systems at spreading the effects of such shocks … fertility and mortality shocks, but that this is not the case for productivity shocks, for which the pension systems actually …

Persistent link: https://www.econbiz.de/10013080219

Cohort Crowding and Youth Labor Markets : A Cross-National Analysis

Korenman, Sanders; Neumark, David - 2021

We assess the evidence on the contribution of changes in the population age structure to the changing fortunes of youths in labor markets in advanced economies over the 1970s, 1980s and early 1990s, and use this evidence to project the likely effects of future cohort sizes on youth labor...

Persistent link: https://www.econbiz.de/10013222038

The Effects of Demographic Trends on Consumption, Saving and Government Expenditures in the U.S

Hurd, Michael D. - 2021

This paper reviews and analyzes forecasts of the Social Security trust funds, government spending, medical expenditures, and other elements of aggregate income and spending. According to these forecasts, the aging of the U.S. population will require some increases in taxes to support the...

Persistent link: https://www.econbiz.de/10013249698

Finding a Way Out of America'S Demographic Dilemma

Kotlikoff, Laurence J.; Smetters, Kent A.; Walliser, Jan - 2021

Notwithstanding the rosy short-term fiscal scenarios being advanced in Washington, the demographic transition presents the United States with a very serious fiscal crisis. In 30 years there will be twice the number of elderly, but only 15 percent more workers to help pay Social Security and...

Persistent link: https://www.econbiz.de/10013218306

Pensions and Contemporary Socioeconomic Change

Lindbeck, Assar - 2021

The paper discusses the consequences for the functioning of different pension systems of various types of socioeconomic changes, mainly demographic developments, variations in productivity growth and changes in real interest rates. Two of the pension systems have exogenous and four have...

Persistent link: https://www.econbiz.de/10013237004

Social Security and Demographic Uncertainty : the Risk Sharing Properties of Alternative Policies

Bohn, Henning - 2021

mortality change is such that accidental bequests decline, but not otherwise …

Persistent link: https://www.econbiz.de/10013239349

Public Pension Funding in Practice

Munnell, Alicia Haydock - 2010

Public pension funding has recently become a front-burner policy issue in the wake of the financial crisis and given the pending retirement of large numbers of baby boomers. This paper examines the current funding of state and local pensions using a sample of 126 plans, estimating an aggregate...

Persistent link: https://www.econbiz.de/10013137305

A Matter of Trust : Understanding Worldwide Public Pension Conversions

Smetters, Kent A. - 2014

This paper seeks to explain the key two stylized facts of fundamental reforms to social security systems worldwide: Why have so many countries reformed when traditional systems seem, at first glance, to have a higher probability of delivering a secure retirement income? Why have these reforms...

Persistent link: https://www.econbiz.de/10013068090

Simulating Alternative Social Security Responses to the Demographic Transition

Auerbach, Alan J.; Kotlikoff, Laurence J. - 2021

The U.S. and other western economies are experiencing dramatic changes in growth and age structure of their populations. Fluctuations in birth rates are the most important determinants of these changes in the post war period. This paper examines the dynamic effects of baby "booms" and...

Persistent link: https://www.econbiz.de/10013249582