Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines … the demographic transition in Germany. Given the current unfunded pension system, the model first calculates a baseline …

Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines … the demographic transition in Germany. Given the current unfunded pension system, the model first calculates a baseline …

Germany. The analysis is based on an extended overlapping-generations model which accounts for intra …

-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor …

then presents two applications. The first is a closed-economy model, calibrated for Germany, that features idiosyncratic … turn to an open-economy model, featuring five regions (the US, Europe, Japan and other Asian countries, China, and India …