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Beggar Thy Thrifty Neighbour : The International Spillover Effects of Pensions Under Population Ageing
Meijdam, Lex; Adema, Y.; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 2006
This paper explores the international spillover effects of ageing through capital markets when countries have different … pension schemes.Two forms of population ageing are considered, namely an increase in longevity and a fall in fertility.It is …
Persistent link: https://www.econbiz.de/10011092620
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Aging Population and Public Pensions: Theory and Macroeconometric Evidence
Verbič, Miroslav; Spruk, Rok - In: Panoeconomicus 61 (2014) 3, pp. 289-316
Rapidly aging population in high-income countries has exerted additional pressure on the sustainability of public pension expenditure. We present a theoretical model of public pension expenditure under endogenous human capital, where the latter facilitates a substantial decrease in equilibrium...
Persistent link: https://www.econbiz.de/10010858004
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The sustainability of the Hungarian pension system: a reassessment
Orbán, Gábor; Palotai, Dániel - Magyar Nemzeti Bank (MNB) - 2005
This paper gives a reassessment of the sustainability of the reformed Hungarian pension system with a special focus on whether the introduction of the fully funded pillar in 1998 has led to any improvement in the sustainability of the pension system. After a brief description of the 1997/1998...
Persistent link: https://www.econbiz.de/10005357926
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Preparing for Policy Changes: Social Security Expectations and Pension Scheme Participation
Wiel, Karen M. van der - Institute for the Study of Labor (IZA) - 2008
social security schemes, an ageing population thus leads to policy uncertainty in first pillar pensions. This paper sheds …
Persistent link: https://www.econbiz.de/10005763471
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Herausforderungen der Legislaturperiode für die Tragfähigkeit der Renten- und Pflegeversicherung
Moog, Stefan; Raffelhüschen, Bernd - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 79 (2010) 1, pp. 27-43
current legislative period to cope with the fiscal burden of population ageing for the sustainability of Germany's public …
Persistent link: https://www.econbiz.de/10008550484
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The Brazilian Pension System: Recent Reforms and Challenges Ahead
Bonturi, Marcos - Economics Department, Organisation de Coopération et … - 2002
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed...
Persistent link: https://www.econbiz.de/10005045960
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Altruism and fairness in a public pension system
van der Heijden, Eline; nelissen, jan; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 1995
In this paper it is empirically investigated whether feelings of altruism towards members of other generations and senses of justice have an impact on the individual s evaluation of the public pension system. The data have been obtained from a large-scale survey carried out among a...
Persistent link: https://www.econbiz.de/10011090542
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Social Security Reform and Population Ageing in a Two-Sector Growth Model
van Groezen, Bas; Meijdam, Lex; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 2002
This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and … raises productivity growth in a closed economy, both in the short and long run. Furthermore, ageing will lead to a lower long …-run rate of economic growth in a small open economy, whereas in the short run, the effects depend on the type of ageing and the …
Persistent link: https://www.econbiz.de/10011090756
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Aging and Public Pensions in an Overlapping-Generations Model
Meijdam, Lex; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 1995
In this paper decision making on public pensions is modeled within the framework of the well-known two-overlapping-generations general-equilibrium model with rational expectations. The model is used to analyze the effects of aging on the evolution of public pension schemes. Analytical results...
Persistent link: https://www.econbiz.de/10011092246
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Social Security and Migration in an Ageing Europe
von Hagen, Jürgen; Walz, Uwe - C.E.P.R. Discussion Papers - 1994
The European ageing process will lead to a dramatic rise in dependency ratios over the next decades. At the same time … and ageing for European social security systems. With uncoordinated social security policies, national pensions funds …
Persistent link: https://www.econbiz.de/10005791913