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One pillar crumbling, the others too short : old-age provision in Germany
Werding, Martin - In: National Institute economic review 237 (2016), pp. 13-21
Persistent link: https://www.econbiz.de/10011694200
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Liquidity in Retirement Savings Systems : An International Comparison
Beshears, John - 2015
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10012457499
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Propagation and Smoothing of Shocks in Alternative Social Security Systems
Auerbach, Alan - 2013
Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing...
Persistent link: https://www.econbiz.de/10012459525
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A Comparative Perspective on Long-Term Care Systems
Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2022
, Israel, Japan, the Netherlands, and South Korea …
Persistent link: https://www.econbiz.de/10013191046
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Do Demographic Changes Affect Risk Premiums? Evidence from International Data
Ang, Andrew - 2003
century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for …
Persistent link: https://www.econbiz.de/10012469021
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Sources of Funds and Investment Activities of Venture Capital Funds : Evidence from Germany, Israel, Japan and the UK
Mayer, Colin - 2003
We compare sources of funds and investment activities of venture capital (VC) funds in Germany, Israel, Japan and the … particularly important in Germany, corporations in Israel, insurance companies in Japan, and pension funds in the UK. VC investment … countries; for example, bank backed VC funds in Germany and Japan are as involved in early stage finance as other funds in these …
Persistent link: https://www.econbiz.de/10012469053
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The Changing Role of Government in Financing Health Care : An International Perspective
Stabile, Mark - 2013
This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...
Persistent link: https://www.econbiz.de/10012459221
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Living Up to Expectations : Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis
Cole, Stephen J.; Martínez-García, Enrique; Sims, Eric R. - National Bureau of Economic Research - 2023
, and other major advanced economies have similar levels of credibility (albeit far from full credibility); however, Japan …
Persistent link: https://www.econbiz.de/10014421202
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Linking retirement age to life expectancy in a Bismarckian system : the case of Germany
Vogt, Valentin; Althammer, Jörg - In: National Institute economic review 237 (2016), pp. 22-29
Persistent link: https://www.econbiz.de/10011694202
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Why a Funded Pension System is Useful and Why It is Not Useful
Sinn, Hans-Werner - 2000
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...
Persistent link: https://www.econbiz.de/10012471177