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Persistent link: https://www.econbiz.de/10012270904
We examine the impact of a stylized pay-as-you-go (PAYGO) Social Security program in an economy of overlapping generations with equilibrium growth. We adopt realistic mortality and other demographic assumptions and allow for the presence or absence of full life annuities. In all cases we find...
Persistent link: https://www.econbiz.de/10013105230
This paper focuses on the effect that population ageing has on the production structure of the economy and consequently on economic growth. We consider an economy that consists of a service sector and a commodity sector. Productivity growth only occurs in the latter sector and is assumed to...
Persistent link: https://www.econbiz.de/10012760875
alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and … the potential benefits of mixed systems in which a PAYG system with notional accounts is complemented by a funded pensions … on the savings rate, capital accumulation, productivity and the labour supply. These effects must be taken into account …
Persistent link: https://www.econbiz.de/10012207196
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10013157843
pensions, incentivising private savings, enhancing the efficiency of health care provision, expanding the coverage of social … pensions, health and long-term care under high pressure. The paper provides recommendations on policy responses to address …
Persistent link: https://www.econbiz.de/10012136129
Persistent link: https://www.econbiz.de/10001390177
This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 …
Persistent link: https://www.econbiz.de/10012864977
privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201
payments might be preferred to a system with pure tax deductions. -- savings incentives ; stochastic general equilibrium model …
Persistent link: https://www.econbiz.de/10009744912