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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/10003936144
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How to avoid a pension crisis : a question of intelligent system design
Cigno, Alessandro - 2009
and money in their upbringing. -- Pension reform ; implicit pension taxes and subsidies ; child benefits ; fertility …
Persistent link: https://www.econbiz.de/10003820014
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Fertility Decisions and the Sustainability of Defined Benefit Pay-as-You-Go Pension Systems
Steurer, Miriam - 2009
overlapping-generations model of endogenous fertility with heterogeneous agents. The model places particular emphasis on the time … having children and hence sow the seeds of its own destruction. The model is then extended to allow for fertility … number of OECD countries that have generous DBPAYG pension systems and falling fertility rates …
Persistent link: https://www.econbiz.de/10013158604
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How to Avoid a Pension Crisis : A Question of Intelligent System Design
Cigno, Alessandro - 2010
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 article outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one...
Persistent link: https://www.econbiz.de/10013147651
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How to Avoid a Pension Crisis : A Question of Intelligent System Design
Cigno, Alessandro - 2021
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/10013316388
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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 : economy, politics, science : a … 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/10012022461
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The impact of increased life expectancy on the level pension
Zambaa, Alleiddine Ayed - In: Atlantic review of economics : AROE 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/10011307952
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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/10012153877
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Consumption taxation to finance pension payments
Ruppert, Kilian; Schön, Matthias; Stähler, Nikolai - 2021
This paper assesses how a permanent shift from financing a public pay-as-you-go pension by direct (labour income) taxation towards financing it by indirect(consumption) taxation affects the economy and welfare. To this end, we use anoverlapping-generations-augmented two-region general...
Persistent link: https://www.econbiz.de/10012792525
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The sustainability of the pay-as-you-go system with falling birth rates
Praag, Bernard M. S. van; Cardoso, Pedro - 2002
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...
Persistent link: https://www.econbiz.de/10011326408