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Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked … recovery from the Great Recession. It has disadvantages, as Germany will be ageing very rapidly in the near future. Following a …
Persistent link: https://www.econbiz.de/10011429583
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894
of the elderly in Japan. Using four waves of individual-level annual data from the Japanese General Social Survey … increasingly more consistent in their support for a government-based social security system in Japan. -- Livelihood of elderly … ; care of elderly ; public attitudes ; aging societies ; Japan …
Persistent link: https://www.econbiz.de/10003852202
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10013315317
these hypotheses empirically. Employing micro data for Germany we corroborate the first hypothesis with descriptive …
Persistent link: https://www.econbiz.de/10011966874
Belarus currently has a relatively generous pay-as-you-go pension system, but population aging coupled with recent problems with economic growth will soon make it unsustainable. We build a rich overlapping generation model of Belarusian economy, which shows that without reform the Pension Fund...
Persistent link: https://www.econbiz.de/10011890959
Persistent link: https://www.econbiz.de/10003449330
Persistent link: https://www.econbiz.de/10008696427
We study, both empirically and quantitatively, the role of savings and the labor supply inself-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012888767
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10011782034