Narrow search
Showing 1 - 10 of 19,339
Cover Image
The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
Abel, Andrew B. - 2011
growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust … period and along a constant growth path. This change in the portfolio of the Social Security Trust Fund will increase the … growth rate of capital in the following period, and, if a certain sufficient condition is satisfied, will increase the growth …
Persistent link: https://www.econbiz.de/10014045869
Cover Image
Distribution of wealth and incomplete markets : theory and empirical evidence
Fiaschi, Davide; Marsili, Matteo - In: Journal of economic behavior & organization : JEBO 81 (2012) 1, pp. 243-267
Persistent link: https://www.econbiz.de/10009505566
Cover Image
Effects of inflation on wealth distribution : do stock market participation fees and capital income taxation matter?
Heer, Burkhard; Süssmuth, Bernd - In: Journal of economic dynamics & control 31 (2007) 1, pp. 277-303
Persistent link: https://www.econbiz.de/10003404903
Cover Image
Life-cycle portfolio choice, the wealth distribution and asset prices
Kubler, Felix; Schmedders, Karl - 2010
This paper examines a canonical stochastic overlapping generations model with dynamically complete markets. Belief differences lead agents to place bets against each other and so wealth shifts across agents and across generations. Such changes in the wealth distribution strongly affect prices of...
Persistent link: https://www.econbiz.de/10003979514
Cover Image
When banking systems meet currencies
Chang, Chia-ying - 2012
Persistent link: https://www.econbiz.de/10009563800
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - 2022 - This version: November 16, 2022
We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial market instruments. Using intergenerational risk sharing arrangements, risks can be allocated better across the various participants of a collective pension scheme than would be...
Persistent link: https://www.econbiz.de/10013460026
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - 2022 - This version: November 16, 2022
Persistent link: https://www.econbiz.de/10013468772
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - In: Insurance / Mathematics & economics 113 (2023), pp. 140-160
Persistent link: https://www.econbiz.de/10014466209
Cover Image
Rational overconfidence and social security
Krabbe Nielsen, Carsten - 2014
Is an assumption of bounded rationality needed to explain Social Security and other mandatory pension plans? In this contribution we argue that when rational agents hold inconsistent expectations such programs may be justified. Two of the features that distinguish Social Security and many other...
Persistent link: https://www.econbiz.de/10011774418
Cover Image
The Optimal Taxation of Risky Capital Income : The Rate of Return Allowance
Spiritus, Kevin - 2017
We study the optimality of taxing capital income according to a Rate-of-Return Allowance proposed by the Mirrlees Review. In a mean-variance framework the optimal tax on risk-free returns is zero with constant returns to scale in private investment, but positive with decreasing returns to scale,...
Persistent link: https://www.econbiz.de/10012962987