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Demography and provisions for retirement : the pension composition, an equilibrium approach

Praag, Bernard M. S. van; Hop, J. Peter - 2018

social security is decided upon by the median voter. For a given demography and interest rate the joint result of those … interest rate. In this paper we assume a demography with hundred age brackets and we investigate how changes in the birth and … security in particular is determined by the demography and cannot be used as long-term political instrument. We find that this …

Persistent link: https://www.econbiz.de/10011870742

Population ageing and pension reform in a small open economy with non-traded goods

Bettendorf, Leon; Heijdra, Ben J. - 2004

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...

Persistent link: https://www.econbiz.de/10011343315

Intergenerational Fairness During Demographic Transition

Heidler, Matthias; Häcker, Jasmin - 2004

Implementing a fairness component into a standard overlapping-generations model and allowing young individuals to vote on their own pension payments, we show that they adapt the pay-as-you-go pension scheme to future demographic changes. In particular, we explain why young generations cut their...

Persistent link: https://www.econbiz.de/10010296846

The Macroeconomics of PAYG Pension Schemes in an Aging Society

Artige, Lionel - 2014

This paper analyzes and compares the macroeconomic performance of defined-benefit and defined-contribution pay-as-you-go pension systems when population ages. When the fertility rate decreases or longevity rises, it is shown that a shift from defined benefit (defined total benefit or defined...

Persistent link: https://www.econbiz.de/10013053806

Population Ageing in a Small Open Economy - Some Policy Experiments with a Tractable General Equilibrium Model

Kilponen, Juha; Kinnunen, Helvi; Ripatti, Antti - 2007

This paper extends Gertler's (1999) tractable overlapping generations model with life-cycle features by allowing for distortionary taxation, demographic transition and stochastic variation in demographic structure. The model is then used to study demographic change in the small open economy of...

Persistent link: https://www.econbiz.de/10014223799

Adaptive Learning, Social Security Reform, and Policy Uncertainty

Cottle Hunt, Erin - 2020

I develop an adaptive learning model to study the welfare effects of Social Security policy uncertainty in an aging economy. Agents combine full knowledge of the political process (which Social Security reforms are possible and when they could occur) with limited knowledge about the structure of...

Persistent link: https://www.econbiz.de/10012850416

Fully Funded Pensions

Forman, Jonathan Barry - 2020

Persistent link: https://www.econbiz.de/10012846874

Propagation and smoothing of shocks in alternative social security systems

Auerbach, Alan J.; Küng, Lorenz; Lee, Ronald Demos; … - In: Journal of public economics 164 (2018), pp. 91-105

Persistent link: https://www.econbiz.de/10012035805

"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems

van Praag, Bernard M. S.; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10010276956

"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems

Praag, Bernard M. S. van; Cardoso, Pedro - 2001

Persistent link: https://www.econbiz.de/10011339670

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