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pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …
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Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long … countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …
Persistent link: https://www.econbiz.de/10011978549
literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should …
Persistent link: https://www.econbiz.de/10011142029
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This paper studies the effects of health shocks on the demand for health insurance and annuities, precautionary saving …
Persistent link: https://www.econbiz.de/10009719705
expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and …
Persistent link: https://www.econbiz.de/10010340956
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