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Sharing demographic risk : who is afraid of the baby bust?
Ludwig, Alexander; Reiter, Michael - 2008
Persistent link: https://www.econbiz.de/10003755811
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Sharing demographic risk : who is afraid of the baby bust?
Ludwig, Alexander (contributor); Reiter, Michael (contributor) - 2008
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
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Sharing demographic risk : who is afraid of the baby bust?
Ludwig, Alexander; Reiter, Michael - In: American economic journal : a journal of the American … 2 (2010) 4, pp. 83-118
Persistent link: https://www.econbiz.de/10008905128
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Macroeconomic effects of demographic change: the role of human capital
Geppert, Christian - 2015
to college households in terms of welfare. Chapter 2 disentangles the effect of demographic change on returns to risk …. Chapter 3 develops a method for computing transitional dynamics in heterogeneous agent models with aggregate risk if these …
Persistent link: https://www.econbiz.de/10011432257
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: September 22, 2014
Persistent link: https://www.econbiz.de/10011280253
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014
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 income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …
Persistent link: https://www.econbiz.de/10010359333
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014
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 income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …
Persistent link: https://www.econbiz.de/10010374428
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014
Persistent link: https://www.econbiz.de/10010347925
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risks
Harenberg, Daniel; Ludwig, Alexander - In: International tax and public finance 22 (2015) 4, pp. 579-603
Persistent link: https://www.econbiz.de/10011529829
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: September 22, 2014
When markets are incomplete, social security can partially insure against idiosyncratic and aggregate risks. We incorporate both risks into an analytically tractable model with two overlapping generations and demonstrate that they interact over the life-cycle. The interactions appear even though...
Persistent link: https://www.econbiz.de/10010419846