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years longer than a woman at the 10th percentile. -- Life expectancy and income ; women ; public pensions ; Germany … confined to men. In particular, administrative data from public pension systems are less reliable for women because of the … analyze a large data set from the German public pension scheme on women who died between 1994 and 2005, employing both non …
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We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
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In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims...
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countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
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