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Entitlement Reforms in Europe : Policy Mixes in the Current Pension Reform Process
Börsch-Supan, Axel H. - 2013
negative incentive effects. This paper focuses on the pension reform process in Europe. It links the causes for current … problems to the cures required to make the pay-as-you-go entitlement programs in Continental Europe sustainable above and …
Persistent link: https://www.econbiz.de/10013085008
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Aging, Pension Reform, and Capital Flows : A Multi-Country Simulation Model
Börsch-Supan, Axel H.; Ludwig, Alexander; Winter, … - 2021
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second this process may be amplified when a pension reform shifts old-age provision towards more pre-funding....
Persistent link: https://www.econbiz.de/10013227231
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What is a Sustainable Public Debt?
D'Erasmo, Pablo - 2015
three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt … traditional approach to evaluate debt sustainability, and examine three alternative approaches that provide useful econometric and … model-simulation tools to analyze debt sustainability. The first approach is Bohn's non-structural empirical framework based …
Persistent link: https://www.econbiz.de/10013015096
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Aging and Pension Reform : Extending the Retirement Age and Human Capital Formation
Vogel, Edgar - 2013
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...
Persistent link: https://www.econbiz.de/10013085913
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On Financing Retirement with an Aging Population
McGrattan, Ellen - 2013
A problem facing the United States is financing retirement consumption as its population ages. Proposals for switching to a saving-for-retirement system that do not rely on high payroll taxes have been challenged on the grounds that welfare for some cohorts will fall. We show how to devise a...
Persistent link: https://www.econbiz.de/10013087440
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Pensions for an Aging Population
Diamond, Peter A. - 2021
After presenting the Gruber-Wise analysis showing a strong effect on retirement of implicit taxes from pension rules, it is shown that there is no effect of these implicit taxes on unemployment. This supports the argument for avoiding high implicit taxes on continued work. Also discussed are...
Persistent link: https://www.econbiz.de/10013223607
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When Will the Germans Get Trapped in Their Pension System?
Sinn, Hans-Werner; Uebelmesser, Silke - 2021
The upcoming demographic crisis in Germany demands fundamental reforms of the pension system. In a democracy, reforms are, however, only feasible when they are supported by the majority of the electorate. To determine whether the majority is in favor of reforms of the pension system, we...
Persistent link: https://www.econbiz.de/10013236798
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Old Europe Ages : Reforms and Reform Backlashes
Börsch-Supan, Axel H. - 2010
The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods … reactions to specific reforms. Which behavioral reactions will strengthen, which will weaken reform policies? Can Old Europe …
Persistent link: https://www.econbiz.de/10013147613
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
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The Cost of Low Fertility in Europe
Bloom, David E. - 2010
We analyze the effect of fertility on income per capita with a particular focus on the experience of Europe. For …
Persistent link: https://www.econbiz.de/10012757668