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Population ageing and pension reform in a small open economy with non-traded goods
Bettendorf, Leon; Heijdra, Ben J. - 2004
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10011343315
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The macroeconomic effects of longevity risk under private and public insurance and asymmetric information
Heijdra, Ben J.; Jiang, Yang; Mierau, Jochen O. - 2017
We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
Persistent link: https://www.econbiz.de/10011761551
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Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods
Bettendorf, Leon J.H; Heijdra, Ben J. - 2010
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10014066514
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Longevity shocks with age-dependent productivity growth
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2015
and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …
Persistent link: https://www.econbiz.de/10010528342
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Longevity shocks with age-dependent productivity growth
Heijdra, Ben J.; Reijnders, Laurie S. M. - In: Journal of pension economics and finance 17 (2018) 2, pp. 200-230
Persistent link: https://www.econbiz.de/10011843383
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The individual life-cycle, annuity market imperfections and economic growth
Heijdra, Ben J.; Mierau, Jochen O. - In: Journal of economic dynamics & control 36 (2012) 6, pp. 876-890
Persistent link: https://www.econbiz.de/10009573438
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Keeping up with the ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2007
In this paper we consider the implications of relative consumption externalities in the Blanchard-Yaari overlapping generations framework. Unlike most of the macroeconomic literature that studies this question, the differences between agents, and, thus, in their relative position, persist in...
Persistent link: https://www.econbiz.de/10010294031
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Growth and the ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2008
policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility … and mortality rates increase it. In the second part of the paper we extend the model by incorporating a Pay …-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies …
Persistent link: https://www.econbiz.de/10009735354
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Keeping up with the ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2007
In this paper we consider the implications of relative consumption externalities in the Blanchard-Yaari overlapping generations framework. Unlike most of the macroeconomic literature that studies this question, the differences between agents, and, thus, in their relative position, persist in...
Persistent link: https://www.econbiz.de/10009736642
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Growth and the Ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2021
policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility … and mortality rates increase it. In the second part of the paper we extend the model by incorporating a Pay …-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies …
Persistent link: https://www.econbiz.de/10013316442