Showing 1 - 10 of 2,813
The demographic transition is a phenomenon affecting many industrialized societies. These economies are experiencing a decline in mortality alongside low fertility rates - a situation that puts social security systems under severe pressure. To implement appropriate reform measures, adequate...
Persistent link: https://www.econbiz.de/10012599101
While population has been aging globally, regions and countries are significantly asymmetric in the timing and speed of the demographic transitions, especially between developed and developing regions. This paper explores the impacts of asymmetric demographic change on international capital...
Persistent link: https://www.econbiz.de/10013212954
Pension reforms have been high on the political agenda in many developed countries over recent years and pension issues have been discussed intensely in the public as a result. In recent years, much effort has been devoted to make state, public and private pension systems fiscally more...
Persistent link: https://www.econbiz.de/10013144559
Ageing of most societies is driven by two factors: (1) birth rates are declining and (2) people are living longer … retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement … old generation and that ageing makes a transfer via pay-as-you-go pension relatively more attractive. In optimum, the …
Persistent link: https://www.econbiz.de/10012317293
This chapter reviews the literature on intergenerational risk sharing (IRS). We explore to what extent and how a market economy with an appropriate institutional setting can replicate a social planner's solution in models with increasing levels of complexity. In particular, we do this for...
Persistent link: https://www.econbiz.de/10014023478
In a recent paper, Homburg and Richter have argued that with free mobility of labor within a common labor market there is a need to harmonize and even consolidate pay-as-you-go financed national public pension systems to reach an efficient allocation of labor. We show that with free and...
Persistent link: https://www.econbiz.de/10010398049
In a recent paper, Homburg and Richter have argued that with free mobility of labor within a common labor market there is a need to harmonize and even consolidate pay-as-you-go financed national public pension systems to reach an efficient allocation of labor. We show that with free and...
Persistent link: https://www.econbiz.de/10009774707
Persistent link: https://www.econbiz.de/10009612195
I develop an open economy portfolio model to study how leveraged investors' wholesale funding affects the international transmission of shocks. Under binding borrowing limits, there is a link between the international investment positions of integrated economies as investors diversify the asset...
Persistent link: https://www.econbiz.de/10010316721
Persistent link: https://www.econbiz.de/10012312709