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Incentives to retire later : a solution to the social security crisis?

Breyer, Friedrich; Kifmann, Mathias - 2001

retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between … retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

Persistent link: https://www.econbiz.de/10010260779

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

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

Participation Constraints in Pension Systems

Beetsma, Roel; Romp, Ward - 2013

We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The bene??it of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...

Persistent link: https://www.econbiz.de/10010326545

Eine effizienzorientierte Reform der GRV

Homburg, Stefan; Richter, Wolfram - In: Bevölkerung und Wirtschaft, (pp. 183-191). 1990

The authors outline a public pension reform where contribution rates are reduced to zero over a very long horizon and in a Pareto-improving fashion.

Persistent link: https://www.econbiz.de/10010332574

Generic NDC: Equilibrium, valuation and risk sharing with and without NDC bonds

Palmer, Edward - 2011

The Non-financial (Notional) Defined Contribution (NDC) PAYGO pension scheme is a recent innovation and its generic dimensions have not previously been explored in a coherent context. This paper does this. It derives and analyzes the demographic, economic and distributional properties of NDC....

Persistent link: https://www.econbiz.de/10010321427

Pension reform, retirement and life-cycle unemployment

Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - 2007

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

Persistent link: https://www.econbiz.de/10010264263

Demographics and the political sustainability of pay-as-you-go social security

Bergstrom, Theodore C.; Hartman, John L. - 2005

retirement age. …

Persistent link: https://www.econbiz.de/10010261123

Social security systems, human capital, and growth in a small open economy

Kaganovich, Michael; Meier, Volker - 2008

We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...

Persistent link: https://www.econbiz.de/10010264511

Immigration, public pensions and heterogenous voters

Krieger, Tim - 2002

Depending on the design of the domestic pension system and the type of immigrants, voters will decide differently on immigration policy. In this paper, we investigate the voting outcome of three groups of heterogenous voters (skilled workers, unskilled workers, and retirees) under Beveridgian or...

Persistent link: https://www.econbiz.de/10010321646

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