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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
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The Sustainability of the Pay-as-you-go System with Falling Birth Rates
van Praag, Bernard M.S.; Cardoso, Pedro - 2002
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...
Persistent link: https://www.econbiz.de/10010324743
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Incentives to retire later : a solution to the social security crisis?
Breyer, Friedrich; Kifmann, Mathias - 2001
As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the 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...
Persistent link: https://www.econbiz.de/10010260779
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Die Deutschlandrente: Ein Konzept zur Stärkung der kapitalgedeckten Altersvorsorge
Knabe, Andreas; Weimann, Joachim - In: ifo Schnelldienst 70 (2017) 18, pp. 25-33
Der demographische Wandel stellt die deutsche Rentenpolitik vor große Herausforderungen. Mit dem Renten­eintritt der …, umlagefinanzierten Rentenversicherung zu reduzieren und den Aufbau zusätzlicher, kapitalgedeckter Altersvorsorge zu stärken. Allerdings … bleibt die Verbreitung der betrieblichen und privaten Altersvorsorge deutlich hinter den ursprünglichen Erwartungen zurück …
Persistent link: https://www.econbiz.de/10011795648
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The Future of Multi-Pillar Pension Systems
Bovenberg, Lans; van Ewijk, Casper - In: CESifo DICE Report 10 (2012) 4, pp. 16-20
Persistent link: https://www.econbiz.de/10011696798
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Österreichs Alterssicherung: Vorbild für Deutschland?
Blank, Florian; Logeay, Camille; Türk, Erik; Wöss, Josef - In: Wirtschaftsdienst 96 (2016) 4, pp. 279-286
Alterssicherungspolitik stellt, erhielt in Deutschland die private kapitalgedeckte Altersvorsorge eine zunehmende Bedeutung. Diese soll nun … two countries shows that the Austrian system provides much higher benefits. Economic developments in Germany and Austria …
Persistent link: https://www.econbiz.de/10011477961
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Labor supply heterogeneity and demand for child care of mothers with young children
Apps, Patricia; Kabatek, Jan; Rees, Ray; van Soest, Arthur - 2012
This paper introduces a static structural model of hours of market labor supply, time spent on child care and other domestic work, and bought in child care for married or cohabiting mothers with pre-school age children. The father's behavior is taken as given. The main goal is to analyze the...
Persistent link: https://www.econbiz.de/10010289925
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The effect of changes in the replacement rate on partial retirement in Sweden
Glans, Erik - 2008
Knowledge about how elderly workers react to changes in pension benefits is important in guiding the design of social security systems. This paper contributes to this knowledge by examining the effect of changed replacement rates on part-time retirement behaviour in Sweden. During the 1980s,...
Persistent link: https://www.econbiz.de/10010321446
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Das österreichische Rentensystem im Blickpunkt: Rentenparadies oder eine Belastung für zukünftige Generationen?
Hülsewig, Anja; Hülsewig, Oliver - In: ifo Schnelldienst 70 (2017) 07, pp. 31-39
Das Rentensystem in Österreich wird in den Medien des Öfteren als Muster für das deutsche dargestellt. Betrachtet man die Eckdaten des österreichischen Rentensystems näher, darf an der Sicherung der Nachhaltigkeit der Finanzierung gezweifelt werden, da bei einem steigenden Altenquotienten...
Persistent link: https://www.econbiz.de/10011694127
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Commuting time and labour supply: A causal effect?
Giménez, José Ignacio; Molina, José Alberto - 2011
We analyze the causal effect of the length of the worker's commute on worker's productivity, by examining whether commuting time has any effect on worker's labour market supply. Using the Spanish Time Use Survey 2002-03, our GMM/IV estimation yields a positive causal impact of commuting time on...
Persistent link: https://www.econbiz.de/10010278752