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A switch from a Bismarckian (BIS) earnings-related to a Beveridgean (BEV) flat ratepay-as-you-go (PAYG) pension scheme will raise the variance of personal replacementratios and, hence, the variance of individual interest-saving elasticities. A monopolisticfinancial sector can then make greater...
Persistent link: https://www.econbiz.de/10005868902
This paper investigates distributive justice using a fourfold experimental design:The ignorance and the risk scenarios … became more inequality-averse and one quarterremained unchanged as umpires. In the risk scenario, subjects become onaverage …'shypothesis, the entropy social welfare function, and randomization preferenceenjoyed impressive acceptance. For the risk scenario, the …
Persistent link: https://www.econbiz.de/10005866910
Die vorliegende Arbeit möchte, vor dem Hintergrund gesellschaftlicher und ökonomischer Charakteristika Deutschlands einerseits und Rußland andererseits Vorzüge und Nachteile der alternativen Finanzierungssysteme einer gesetzlichen Rentenversicherung zu diskutieren.
Persistent link: https://www.econbiz.de/10005842443
Das Nebeneinander von gesetzlicher(GKV) und und privater (PKV) Krankenversicherungim deutschen Krankenversicherungssystemführt zu erheblichen Problemen.Überdurchschnittlich gesunde Personen undPersonen mit einem überdurchschnittlichhohen Einkommen wandern in die PKV ab –und gefährden damit...
Persistent link: https://www.econbiz.de/10005865947
The abolition or reform of unfunded pensions will generally make members of a transitional generation worse-off, because of the "double burden" of funding their own retirement along with that of paying off the unfunded pension liability. Reform will also lower the time-path of interest rates,...
Persistent link: https://www.econbiz.de/10005868785
If unfunded pensions crowd-out private savings, pensions reform should raise the timepath of capital. Even if reform has long-run benefits, there will still be a “doubleburden”problem for a transitional generation. Assuming that there is an asset whichdiscounts the present value of an income...
Persistent link: https://www.econbiz.de/10005868946
Persistent link: https://www.econbiz.de/10005856471
According to the accountability principle a person’s fair allocation takes into accountthe input-relevant variables she can influence, like effort, but not the variablesshe cannot influence, like a randomly assigned exogenous factor. This study is basedon a real effort-task experiment, where...
Persistent link: https://www.econbiz.de/10009248896
We experimentally show that current models of reciprocity are in-complete in a systematic way using a new variant of the ultimatumgame that provides second-movers with a marginal-cost-free punish-ment option. For a substantial proportion of the population, the de-gree of first-mover unkindness...
Persistent link: https://www.econbiz.de/10009302672
Markets for complex, multi-faceted goods normally require a complex institutionalframework to function properly, i.e., to lead to patterns of outcomes that are deemedacceptable by the individuals involved. This paper examines the institutionalunderpinnings of the market for urban land use...
Persistent link: https://www.econbiz.de/10005866003