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Net intergenerational transfers from an increase in social security benefits
Gan, Li; Gong, Guan; Hurd, Michael - 2006
When the age of death is uncertain, individuals will leave bequestseven if they have no desired bequestssimply because they will hold wealth against the possibility of living longer. Bequests are accidental. Starting from a baseline level of Social Security benefits, an increase in benefits will...
Persistent link: https://www.econbiz.de/10010273827
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The dynamics of the age structure, dependency, and consumption
Hock, Heinrich; Weil, David N. - 2006
We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a “demographic dividend” that allows for higher consumption. In...
Persistent link: https://www.econbiz.de/10010318971
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Increasing Life Expectancy and Pay-As-You-Go Pension Systems
Knell, Markus - 2012
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
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Causal effect of income on health: Investigating two closely related policy reforms in Austria
Schnalzenberger, Mario - 2011
I investigate the effect of income on mortality of the pensioners, com- paring three subsequent policy periods in …- come on health. I estimate that lower pension did not change the mortality rate. The results are confirmed using both …
Persistent link: https://www.econbiz.de/10010294890
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Population aging
Weil, David N. - 2006
Population aging is primarily the result of past declines in fertility, which produced a decadeslong period in which the ratio of dependents to working age adults was reduced. Rising old-age dependency in many countries represents the inevitable passing of this “demographic dividend.”...
Persistent link: https://www.econbiz.de/10010318977
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Saving on a Rainy Day, Borrowing for a Rainy Day
Alan, Sule; Crossley, Thomas; Low, Hamish - 2012
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
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Simulating the future of the Swedish baby-boom generations
Klevmarken, N. Anders; Bolin, Kristian; Eklöf, Matias; … - 2007
For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...
Persistent link: https://www.econbiz.de/10010321560
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Where Should the Elderly Live and Who Should Pay for their Care? A Study in Demographics and Geographical Economics
Aronsson, Thomas; Blomquist, Sören; Micheletto, Luca - 2007
There is a rich literature analyzing the problems that will arise as the share of elderly and retired in the population increases in the near future. However, the locational decisions among the elderly as well as their implications in terms of taxes/transfers and of allocation of...
Persistent link: https://www.econbiz.de/10010321598
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Income Receipt and Mortality – Evidence from Swedish Public Sector Employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By … using data on variation in paydays across work-places, we completely control for mortality patterns related to, for example …-week mortality patterns. We find a dramatic increase in mortality on the day salaries arrive. The increase is especially pronounced …
Persistent link: https://www.econbiz.de/10013208699
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Income receipt and mortality: Evidence from Swedish public sector employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By … using data on variation in paydays across work-places, we completely control for mortality patterns related to, for example …-week mortality patterns. We find a dramatic increase in mortality on the day salaries arrive. The increase is especially pronounced …
Persistent link: https://www.econbiz.de/10010464456