Showing 1 - 10 of 70
This paper presents an overlapping generations model where agents face labor-income and health risks in order to quantify the macroeconomic and welfare consequences of reform options for the German health insurance system. In addition to labor supply, consumption and savings, households also...
Persistent link: https://www.econbiz.de/10013337793
This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to 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...
Persistent link: https://www.econbiz.de/10013473681
Persistent link: https://www.econbiz.de/10013469627
Persistent link: https://www.econbiz.de/10003740686
The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...
Persistent link: https://www.econbiz.de/10003871957
Persistent link: https://www.econbiz.de/10003471371
Persistent link: https://www.econbiz.de/10003377205
We study the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial, and macro-economic shocks. Our analysis is based on an applied OLG model of a small open economy with heterogeneous agents featuring a two-pillar...
Persistent link: https://www.econbiz.de/10008666173
Persistent link: https://www.econbiz.de/10008905719
The present paper develops a general equilibrium model with overlapping generations and endogenous fertility in order to analyze the interaction between public policy and household labor supply and fertility decisions. The model's benchmark equilibrium reflects the current family policy as well...
Persistent link: https://www.econbiz.de/10008826234