Narrow search
Showing 1 - 10 of 3,922
Cover Image
Capital Funding versus Pay-as-you-go in Health-care Financing Reconsidered
Henke, Klaus-Dirk; Borchardt, Katja - In: CESifo DICE Report 01 (2003) 3, pp. 3-8
Persistent link: https://www.econbiz.de/10011696437
Cover Image
Can and Should a Pay-As-You-Go Pension System Mimic a Funded System?
Hassler, John; Lindbeck, Assar - 1998
This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially...
Persistent link: https://www.econbiz.de/10010334940
Cover Image
Intergenerational Fairness During Demographic Transition
Heidler, Matthias; Häcker, Jasmin - 2004
Implementing a fairness component into a standard overlapping-generations model and allowing young individuals to vote on their own pension payments, we show that they adapt the pay-as-you-go pension scheme to future demographic changes. In particular, we explain why young generations cut their...
Persistent link: https://www.econbiz.de/10010296846
Cover Image
Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security
Kaul, Ashok; Hagedorn, Marcus; Barbie, Martin - 2002
We develop a general equilibrium stochastic OLG model with heterogenous households. Households differ with respect to their productivity. Productivity depends stochastically on parents' unobservable investment in their child's human capital and an aggregate productivity shock. We introduce a...
Persistent link: https://www.econbiz.de/10010262139
Cover Image
Alternative social security systems and growth
Kaganovich, Michael; Zilcha, Itzhak - 2008
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
Persistent link: https://www.econbiz.de/10010264400
Cover Image
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
Cover Image
Growth and welfare effects of health care in knowledge based economies
Kuhn, Michael; Prettner, Klaus - 2012
mortality and morbidity, the latter being related to participation/productivity in the labor market. We show that, regardless of …
Persistent link: https://www.econbiz.de/10010352613
Cover Image
The Future of Social Security
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2007
We analyze the effect of the projected demographic transition on the political support for social security, and equilibrium outcomes. Embedding a probabilistic-voting setup of electoral competition in the Diamond (1965) OLG model, we find that intergenerational transfers arise in the absence of...
Persistent link: https://www.econbiz.de/10011430067
Cover Image
Fairness of public pensions and old-age poverty
Breyer, Friedrich; Hupfeld, Stefan - 2008
German Pension Insurance Office on a large cohort of pensioners to find out how the old-age poverty rate would be affected by …
Persistent link: https://www.econbiz.de/10010265026
Cover Image
Poverty and institutional regimes: A generalised budget approach in 11 countries
Vrooman, J.C. - 2009
The standard poverty lines applied in empirical research tend to be problematic in terms of validity, reliability, ease … related to actual differences in the 'production of poverty' in 11 countries, as measured by the generalised budget approach … substantially higher degree of poverty than representatives of the corporatist type (Belgium, Germany, France). Poverty in the …
Persistent link: https://www.econbiz.de/10010335450