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Persistent link: https://www.econbiz.de/10003755811
In der folgenden Studie möchten wir ausgewählte Aspekte von intra- und intergenerationalen Umverteilungseffekten im System der bundesdeutschen Alterssicherung auf der Basis der Humankapitalheorie mit Simulationsmethoden analysieren. Falls es das Ziel der Politik ist, die Ungleichheit des...
Persistent link: https://www.econbiz.de/10003650247
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...
Persistent link: https://www.econbiz.de/10003771791
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/10003901593
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We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010359333
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010374428
increased the early retirement age for women from 60 to 63 years. Based on a large administrative dataset, we use a regression … treated women who were exposed to low and to high job demand. For older women in demanding jobs, we also do not find … women required highlabor market attachment; thus, we argue that this eligibility rule induced a positive selection of …
Persistent link: https://www.econbiz.de/10012671878
increased the early retirement age for women from 60 to 63 years. Based on a large administrative dataset, we use a regression … treated women who were exposed to low and to high job demand. For older women in demanding jobs, we do not find substitution … effects into unemployment, partial retirement, disability pension, or inactivity. Eligibility for the pension for women …
Persistent link: https://www.econbiz.de/10012659076