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Recent pension reforms have shifted a larger responsibility towards savers. Individuals therefore need better knowledge of the rules and incentives embedded in the pension system to adequately save and prepare for retirement. In this paper, we use a novel Swedish survey matched with high-quality...
Persistent link: https://www.econbiz.de/10012660614
In this paper, the author deals with the question how to make PAYG pension systems financially resistant to fluctuating fertility rates. The author presents two pension schemes that lead to a permanently balanced budget but differ in the mixture of changes in the contribution rates and...
Persistent link: https://www.econbiz.de/10013370012
In this paper I study how PAYG pension systems of the notional defined contribution type can be designed such that they remain financially stable in the presence of increasing life expectancy. For this to happen two crucial parameters must be set in an appropriate way. First, the remaining life...
Persistent link: https://www.econbiz.de/10013370096
In this paper I study the impact of increasing longevity on pay-as-you-go pension systems. First, I show that increasing longevity increases their internal rate of return. The size of the effect di ers for di erent policy regimes. It is higher for the case where the retirement age is increased...
Persistent link: https://www.econbiz.de/10013370118
The paper studies how the rates of deduction for early retirement have to be determined in PAYG systems in order to keep their budget stable. I show that the budget-neutral deductions depend on the speci_c rules of the pension system and on the choice of the discount rate which itself depends on...
Persistent link: https://www.econbiz.de/10013370132
Welfare states contribute to people's well-being in many different ways. Bringing all these contributions under a …, Germany, France, and Sweden) that represent the principal types of welfare and gender regimes, we propose ways of …, transfers, and childcare subsidies in these five countries. In so doing, we calibrate the contributions of the different welfare …
Persistent link: https://www.econbiz.de/10010266553
A perennial debate worldwide over housing aid policy focuses on whether the government should provide housing vouchers or subsidized public housing units. To complement the empirically- dominated literature, this paper builds a general equilibrium model that merges urban land use (monocentric...
Persistent link: https://www.econbiz.de/10010273664
We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the … concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U … marginal costs, but qualities are also 23% to 55% higher than socially optimal and the welfare costs of each are similar in …
Persistent link: https://www.econbiz.de/10011420559
on trade volumes and patterns, and a non-negligible welfare impact. In the counterfactual scenario in which each country … the data. In this counterfactual scenario, welfare is also 1.6% higher for the median country compared to the baseline …. The welfare impact varies greatly across countries, ranging from ..1.1% to +4.3% among OECD countries, and from ..4.6% to …
Persistent link: https://www.econbiz.de/10011460688
amount of land owned by females (b) cultivation of high value crops increases household welfare. The policy implication is … welfare when appropriate complementary resources and institutions are absent. …
Persistent link: https://www.econbiz.de/10011460729