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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
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
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Access to pensions, old-age support, and child investment in the People's Republic of China
Shan, Xiaoyue; Park, Albert - 2023
This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People's Republic of China, using a...
Persistent link: https://www.econbiz.de/10014280029
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A constitutional theory of the family
Cigno, Alessandro (contributor) - 2005
renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or … ; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing …
Persistent link: https://www.econbiz.de/10003260821
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A Constitutional Theory of the Family
Cigno, Alessandro - 2005
renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …
Persistent link: https://www.econbiz.de/10012784207
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Theorie der Alterssicherung
Homburg, Stefan - 1988
Persistent link: https://www.econbiz.de/10000743359
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"Should I pay for you or for myself?" : the optimal level and composition of retirement benefits systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10001573375
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Fully-funded public old age pension programs : stranger than paradise?
Hahn, Franz R. - 2003
Persistent link: https://www.econbiz.de/10001769107
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The mix between pay-as-you-go and funded pensions and what demography has to do with it
Praag, Bernard M. S. van; Cardoso, Pedro - 2003
Persistent link: https://www.econbiz.de/10001738630
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Note on the optimum pricing of annuities
Sheshinski, Eytan - 2003
In a perfectly competitive market for annuities with full information, the price of annuities is equal to individuals' (discounted) survival probabilities. That is, prices are actuarially fair. In contrast, the pricing implicit in social security systems invariably allows for cross subsidization...
Persistent link: https://www.econbiz.de/10001739598
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Optimum and risk-class pricing of annuities
Sheshinski, Eytan - 2003
When information on longevity (survival functions) is unknown early in life, individuals have an interest to insure themselves against future 'risk-class' classification. Accordingly, the First-Best typically involves transfers across states of nature. Competitive equilibrium cannot provide such...
Persistent link: https://www.econbiz.de/10001739603