When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high … insurance in aging populations but to put structure on these debates. We formulate a large set of models which we use for … pension systems and population aging which defines the fundamental accounting restrictions which population aging imposes on …

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high … insurance in aging populations but to put structure on these debates. We formulate a large set of models which we use for … pension systems and population aging which defines the fundamental accounting restrictions which population aging imposes on …

to the aging of the US population; however, lower productivity growth would result in higher optimal pension payments. In …

Together, pensions, social security and health insurance account for half of the wealth held by all households in the … Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … percentiles, and even for 48 percent of wealth for those in the 90th and 95th wealth percentiles. The HRS surveys households aged …

contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …

Estimating saving and fertility simultaneously by the VAR method, we find that social security cover has a positive … effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was …, the negative effect of social security on fertility tends to erode the system's own contributory base, because it reduces …

of it was intended to illuminate issues of compelling policy importance, such as declining fertility and population aging …

There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the …