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How risky is the German pension system? The volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our results show...
Persistent link: https://www.econbiz.de/10010304858
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How risky is the German pension system? : The volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
. -- Risk ; internal rate of return ; sustainability …
Persistent link: https://www.econbiz.de/10009153133
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How risky is the German pension system? : The volatility of the internal rates of return
Heidler, Matthias (contributor);  … - 2005
. -- risk ; internal rate of return ; sustainability …
Persistent link: https://www.econbiz.de/10003209501
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Sharing Longevity Risk : Why Governments Should Issue Longevity Bonds
Blake, David P. - 2011
Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations …. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to … hedge their aggregate longevity risk. There are also wider social benefits. Longevity bonds will lead to a more secure …
Persistent link: https://www.econbiz.de/10013118088
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The Uncertainty of House Prices and Real Options in China
Vergos, Konstantinos P. - 2018
This study investigates the real options with spatial analysis in China's real estate markets. We employ new detailed macro-level data set for 31 provinces in China to test the central predictions of real options with respect to land development. We extended the real options method with spatial...
Persistent link: https://www.econbiz.de/10012907553
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Sharing Longevity Risk : Why Governments Should Issue Longevity Bonds
Blake, David P. - 2020
Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations …. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to … hedge their systematic longevity risk. Longevity bonds will lead to a more secure pension savings market, together with a …
Persistent link: https://www.econbiz.de/10012832830
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The gender gap in wage expectations : do young women trade off higher wages for lower wage risk?
Zambre, Vaishali - 2018
market compensates higher wage risk with higher wages, this study investigates whether the gender gap in wage expectations … can be explained by individuals anticipating this form of risk compensation. Relying on a unique survey on German high …, they expect lower wage risk as measured by the individual-specific dispersion in wage expectations. I decompose the gender …
Persistent link: https://www.econbiz.de/10011865456
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Unsettled : job insecurity reduces home-ownership
Lepinteur, Anthony; Clark, Andrew E.; D'Ambrosio, Conchita - 2024
We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A...
Persistent link: https://www.econbiz.de/10014544998
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Nudging Smokers - The Behavioural Turn of Tobacco Risk Regulation
Alemanno, Alberto - 2013
At a time when policy makers want to change the behaviour of citizens to tackle a broad range of social problems, such as climate change, excessive drinking, obesity and crime, a promising new policy approach has appeared that seems capable of escaping the liberal reservations typically...
Persistent link: https://www.econbiz.de/10014172809
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Mapping Coastal Risks and Social Vulnerability : Current Tools and Legal Risks
Schiavinato, Lisa; Payne, Heather - 2015
Extreme weather events and nuisance flooding are increasing, with communities already experiencing impacts. Both the identification of local hazards and the assessment of local vulnerabilities can protect people, their property, and their livelihoods. This paper provides an overview for local...
Persistent link: https://www.econbiz.de/10014136101