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Persistent link: https://www.econbiz.de/10001698896
retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of limited …-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …
Persistent link: https://www.econbiz.de/10009750235
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10011541030
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10001731756
with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the … periods of retirement. Varying the time structure of the payoffs affects annuity demand and welfare of individuals with low …
Persistent link: https://www.econbiz.de/10001560785
Persistent link: https://www.econbiz.de/10002907779
Persistent link: https://www.econbiz.de/10003398780
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on fun ded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...
Persistent link: https://www.econbiz.de/10009781509
Persistent link: https://www.econbiz.de/10001561166
with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the … periods of retirement. Varying the time structure of the payoffs affects annuity demand and welfare of individuals with low …
Persistent link: https://www.econbiz.de/10009750561