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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

A Matter of Trust : Understanding Worldwide Public Pension Conversions

Smetters, Kent - 2011

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/10012461643

The Increasing Annuitization of the Elderly- Estimates and Implications for Intergenerational Tranfers, Inequality, and National Saving

Auerbach, Alan J. - 1992

This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly...

Persistent link: https://www.econbiz.de/10012474785

Capital Accumulation and Annuities in an Adverse Selection Economy

Eichenbaum, Martin S. - 1986

This paper suggests that adverse selection problems in competitive annuity markets can generate quantity constrained equilibria in which some agents whose length of lifetime is uncertain find it advantageous to accumulate capital privately. This occurs despite the higher rates of return on...

Persistent link: https://www.econbiz.de/10012477023

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

Ludwig, Alexander - 2007

Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...

Persistent link: https://www.econbiz.de/10012465469

In the Name of the Son (and the Daughter) : Intergenerational Mobility in the United States, 1850-1930

Olivetti, Claudia - 2013

This paper provides a new perspective on intergenerational mobility in the United States in the late 19th and early 20th centuries. We devise an empirical strategy that allows to calculate intergenerational elasticities between fathers and children of both sexes. The key insight of our approach...

Persistent link: https://www.econbiz.de/10012459840

Social Security as a Financial Asset : Gender-Specific Risks and Returns

Baxter, Marianne - 2001

individuals who differ according to gender; education; race; and age. The main finding is that there are important differences …

Persistent link: https://www.econbiz.de/10012470395

Gender and Assimilation Among Mexican Americans

Blau, Francine D. - 2005

Using 1994-2003 CPS data, we study gender and assimilation of Mexican Americans. Source …country patterns, particularly the more traditional gender division of labor in the family in Mexico …

Persistent link: https://www.econbiz.de/10012467167

Selection, Investment, and Women's Relative Wages Since 1975

Mulligan, Casey B. - 2005

In theory, growing wage inequality within gender should cause women to invest more in their market productivity and … should differentially pull able women into the workforce, thereby closing the measured gender gap even though women's wages … measured women's relative wage growth coincided with growth of wage inequality within-gender, and attribute the measured gender …

Persistent link: https://www.econbiz.de/10012467526

The Closing of the Gender Gap as a Roy Model Illusion

Mulligan, Casey B. - 2004

Rising wage inequality within-gender since 1975 has created the illusion of rising wage equality between genders. In …

Persistent link: https://www.econbiz.de/10012467795