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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 …
Persistent link: https://www.econbiz.de/10009781509
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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
The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit...
Persistent link: https://www.econbiz.de/10010264317
negative tax on annuities. Interestingly, our results depend on the value of life. …
Persistent link: https://www.econbiz.de/10010264575
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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
Persistent link: https://www.econbiz.de/10010504759
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