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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 resultsshow...
Persistent link: https://www.econbiz.de/10010300850
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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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The Effect of Pension Subsidies on Retirement Timing of Older Women : Evidence from a Regression Kink Design
Ye, Han - 2018
This paper provides a clear and transparent setting to study the effect of additional pension benefits on women's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy program to low pay workers, implemented in 1992. The...
Persistent link: https://www.econbiz.de/10012910725
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The Effect of Pension Subsidies on the Retirement Timing of Older Women : Evidence from a Kink Design in Germany
Ye, Han - 2019
I estimate the effect of additional pension benefits on women's retirement decisions by examining a German pension subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients' past contributions, creating a sharply different slope of benefits for similar...
Persistent link: https://www.econbiz.de/10012890153
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The effect of pension subsidies on retirement timing of older women : evidence from a regression kink design
Ye, Han - 2018
This paper provides a clear and transparent setting to study the effect of additional pension benefits on women's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy program to low pay workers, implemented in 1992. The...
Persistent link: https://www.econbiz.de/10011913479
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The impact of reducing the pension generosity on inequality and schooling
Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019
In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality. We develop an overlapping generations model in which individuals differ by their life expectancy and in the cost of attending schooling. Individuals optimally choose...
Persistent link: https://www.econbiz.de/10012126117
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Distributional effects of welfare reform for young adults : an unconditional quantile regression approach
Hernæs, Øystein - 2018
The paper evaluates the distributional effects on earnings and income of requiring young welfare recipients to fulfill conditions related to work and activation. It exploits within-social insurance office variation in policy arising from a geographically staggered reform in Norway. The reform...
Persistent link: https://www.econbiz.de/10011798232
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Redistributive effects of different pension structures when longevity varies by socioeconomic status in a general equilibrium setting
Sanchez-Romero, Miguel; Lee, Ronald Demos; … - 2019
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
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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