Narrow search
Showing 1 - 10 of 14,027
Cover Image
Economic Growth and Longevity Risk with Adverse Selection
Heijdra, Ben J. - 2010
external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to …
Persistent link: https://www.econbiz.de/10013148997
Cover Image
Annuity Market Imperfection, Retirement and Economic Growth
Heijdra, Ben J. - 2009
-independent wages and a constant mortality rate. In the first extension we study the implications for microeconomic decisions and … realistic mortality process. Our main findings are that the limited availability of annuities induces agents to retire early in … the first two models, but later in the model with age-dependent mortality. In all cases, the general equilibrium …
Persistent link: https://www.econbiz.de/10013157843
Cover Image
Economic Growth and Longevity Risk with Adverse Selection
Heijdra, Ben J. - 2010
We study adverse selection on annuity markets in a general-equilibrium model of the closed economy. Agents differ in their health type and invest their assets on the annuity market. Without informational asymmetries themodel features a separating equilibrium in which each agent obtains an...
Persistent link: https://www.econbiz.de/10013146294
Cover Image
Pensions, economic growth and welfare in advanced economies
Devesa, Enrique; Doménech, Rafael - In: Economic challenges of pension systems : a …, (pp. 81-103). 2020
In this chapter, we analyse the effects of PAYG and funded pension systems on welfare. The debate on the choice between alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and the potential benefits of mixed systems in...
Persistent link: https://www.econbiz.de/10012207196
Cover Image
Social Security, Growth, and Welfare in Overlapping Generations Economies With or Without Annuities
Bruce, Neil - 2012
generations with equilibrium growth. We adopt realistic mortality and other demographic assumptions and allow for the presence or …
Persistent link: https://www.econbiz.de/10013105230
Cover Image
Growth and welfare implications of mortality differentials in unfunded social security systems
Kelly, Mark C. - In: Public finance review : PFR 50 (2022) 2, pp. 206-235
Persistent link: https://www.econbiz.de/10013257622
Cover Image
Capital taxation, long-run growth, and bequests
Kunze, Lars - 2009
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10003850899
Cover Image
Capital Taxation, Long-Run Growth and Bequests
Kunze, Lars - 2009
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521–1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10013155419
Cover Image
Public Pensions and Economic Growth
Wigger, Berthold U. - 2002
This book studies the normative and positive ramifications of public pension policies in a growing economy. It analyzes the impact of an unfunded public pension scheme on aggregate productivity growth and efficiency, it considers the political forces behind public pension legislation, and it...
Persistent link: https://www.econbiz.de/10013521771
Cover Image
Tax-favored retirement accounts : are they efficient in increasing savings and growth?
Fehr, Hans; Habermann, Christian; Kindermann, Fabian - In: FinanzArchiv : European journal of public finance 64 (2008) 2, pp. 171-198
Persistent link: https://www.econbiz.de/10003740686