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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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horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the …
Persistent link: https://www.econbiz.de/10010986656
countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
Persistent link: https://www.econbiz.de/10010279841
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
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The extent of the demographic change in Europe and especially Germany is dramatic and will deeply affect future labor … policies? While Germany has a large unfunded pension system and vulnerable labor markets, Germans show remarkable resistance …
Persistent link: https://www.econbiz.de/10008559122
countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
Persistent link: https://www.econbiz.de/10008467177
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