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Incentives to retire later : a solution to the social security crisis?
Breyer, Friedrich; Kifmann, Mathias - 2001
retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … werden. In dieser Arbeit werden die langfristigen finanziellen Konsequenzen einer solchen Reform analysiert. Wir zeigen, dass …
Persistent link: https://www.econbiz.de/10010260779
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A Perfect Marriage: Child-related Pensions and Public Education
Voigtländer, Michael - 2004
In the present paper the effects of different pay-as-you-go pension systems on fertility decisions of a representative household are examined. Thereby, the analysis focuses especially on the interplay of parental quantity and quality decisions, introduced by Becker (1960). As it will be shown, a...
Persistent link: https://www.econbiz.de/10010263496
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Pension, fertility, and education
Meier, Volker; Wrede, Matthias - 2005
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies...
Persistent link: https://www.econbiz.de/10010261317
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Efficient abatement in separated carbon markets: A theoretical and quantitative analysis of the EU emissions trading scheme
Peterson, Sonja - 2006
reached at minimal cost. This paper first analyzes the conditions for cost efficiency in the current separated carbon markets … equilibrium model is then used to assess the cost efficiency of current EU climate strategies. Finally, based both on the … theoretical as well as the quantitative analysis, recommendations are derived for a better allocation of the reduction burden …
Persistent link: https://www.econbiz.de/10010273116
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Measuring intra-generational redistribution in PAYG pension schemes
Klos, Jonas; Krieger, Tim; Stöwhase, Sven - 2020
statutory pension scheme (GRV). A recent reform of childcare benefit provision, which became effective in 2014, confirms the … predictions of our index. The reform introduced additional benefits for a subgroup of substantial size of German mothers, due to …
Persistent link: https://www.econbiz.de/10012196450
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How to Avoid a Pension Crisis: A Question of Intelligent System Design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010331423
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Umlagesystem versus Kapitaldeckung in der Alterssicherung
Siebert, Horst - 1997
Das Umlage- und das Kapitaldeckungsverfahren werden verglichen. Das Kapitaldeckungsverfahren hat eine größere Rendite für den einzelnen und bringt gesamtwirtschaftliche Effizienzgewinne mit sich: Es wird mehr Kapital gebildet, und Verzerrungen am Arbeitsmarkt werden beseitigt. Bei einem...
Persistent link: https://www.econbiz.de/10010332862
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Sharing demographic risk: who is afraid of the baby bust?
Ludwig, Alexander; Reiter, Michael - 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/10010264455
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How to avoid a pension crisis: a question of intelligent system design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010264592
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Pay-as-you-go versus capital funded pension systems: the issues
Siebert, Horst - 1997
has a higher rate of return. Pension income can be obtained at lower costs for the individual. This implies efficiency …
Persistent link: https://www.econbiz.de/10010265339