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quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions … (DP) or old-age pensions (OAP), de-pending on eligibility rules and the generosity of the two programs. Our policy …
Persistent link: https://www.econbiz.de/10014264162
quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions … (DP) or old-age pensions (OAP), de-pending on eligibility rules and the generosity of the two programs. Our policy …
Persistent link: https://www.econbiz.de/10013473681
The overlapping generations model pioneered by Paul Samuelson is used to address an issue in Social Security. In the 1983 Social Security reform, Congress chose to build a substantial trust fund, with principal and interest both to be used for later benefits. That is, Congress chose payroll tax...
Persistent link: https://www.econbiz.de/10014065778
introduce alternative pension systems and compare the costs arising from liquidity constraints as well as labor and savings …
Persistent link: https://www.econbiz.de/10009667064
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides …
Persistent link: https://www.econbiz.de/10012602340
Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...
Persistent link: https://www.econbiz.de/10014191817
show that the forced savings programs intended to "reform" the social security system may increase the amount of …
Persistent link: https://www.econbiz.de/10014191843
introduce alternative pension systems and compare the costs arising from liquidity constraints as well as labor and savings …
Persistent link: https://www.econbiz.de/10013102929
mandatory pensions. Conversely, optimizing models of pension design typically do not include annual taxation of labor and … Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …
Persistent link: https://www.econbiz.de/10013160217
mandatory pensions. Conversely, optimizing models of pension design typically do not include annual taxation of labor and … Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …
Persistent link: https://www.econbiz.de/10013160366