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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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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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A constitutional theory of the family
Cigno, Alessandro - 2005
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10010267482
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Fertility and Family Labor Supply
Jakobsen, Katrine M.; Jørgensen, Thomas H.; Low, Hamish - 2022
We study the role of fertility adjustments for the labor market responsiveness of men and women. First, we use … longitudinal Danish register data and tax reforms from 2009 to provide new empirical evidence on asymmetric fertility adjustments … to tax changes of men and women. Second, we quantify the importance of these fertility adjustments for understanding the …
Persistent link: https://www.econbiz.de/10013202297
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Fertility and Family Labor Supply
Jakobsen, Katrine Marie; Jørgensen, Thomas H.; Low, Hamish - 2022
We study the role of fertility adjustments for the labor market responsiveness of men and women. First, we use … longitudinal Danish register data and tax reforms from 2009 to provide new empirical evidence on asymmetric fertility adjustments … to tax changes of men and women. Second, we quantify the importance of these fertility adjustments for understanding the …
Persistent link: https://www.econbiz.de/10013266715
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Gender pension gaps in Europe are more explicitly associated with labor markets than with pension systems
Hammerschmid, Anna; Rowold, Carla - In: DIW Weekly Report 9 (2019) 25, pp. 203-211
In many European countries, there is a substantial gender pension gap. Yet, these gaps vary strongly across countries. This cross-national study examines to what extent institutional and labor market-specific factors correlate with gender pension gaps. The findings show that the gender pension...
Persistent link: https://www.econbiz.de/10012027321
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Gender pension gaps in Europa hängen eindeutiger mit Arbeitsmärkten als mit Rentensystemen zusammen
Hammerschmid, Anna; Rowold, Carla - In: DIW Wochenbericht 86 (2019) 25, pp. 440-447
In vielen europäischen Ländern lässt sich eine erhebliche geschlechtsspezifische Rentenlücke verzeichnen. Die Gender Pension Gaps variieren jedoch stark zwischen den Ländern. Diese länderübergreifende Studie analysiert, welche institutionellen und arbeitsmarktspezifischen Faktoren in...
Persistent link: https://www.econbiz.de/10012027404
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The impact of increased life expectancy on the level pension
Zambaa, Alleiddine Ayed - In: Atlantic Review of Economics 1 (2015), pp. 1-9
This paper proposes an overlapping generation model along the lines of the papers by Fanti and Gori (2008). Its objective is to study the effect of demographic shocks on the level pension respectively in the PAYG and funded system within the context of increased life expectancy at long-run.
Persistent link: https://www.econbiz.de/10011536985
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Genes, legitimacy and hypergamy: another look at the economics of marriage
Saint-Paul, Gilles - 2009
In order to credibly sell legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...
Persistent link: https://www.econbiz.de/10010271277
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Public and private pension systems and macroeconomic volatility in OECD countries
Holzner, Mario; Jestl, Stefan; Pichler, David - 2019
This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art econometric estimators. Our results show weak...
Persistent link: https://www.econbiz.de/10012262784