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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: September 22, 2014
Persistent link: https://www.econbiz.de/10011280253
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Risk reallocation in defined-contribution funded pension systems
Beetsma, Roel; Bucciol, Alessandro - In: Macroeconomic dynamics 19 (2015) 1, pp. 22-57
Persistent link: https://www.econbiz.de/10011308660
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014
aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in … the form of a countercyclical variance of idiosyncratic income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …
Persistent link: https://www.econbiz.de/10010359333
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014
aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in … the form of a countercyclical variance of idiosyncratic income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …
Persistent link: https://www.econbiz.de/10010374428
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risks
Harenberg, Daniel; Ludwig, Alexander - In: International tax and public finance 22 (2015) 4, pp. 579-603
Persistent link: https://www.econbiz.de/10011529829
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: September 22, 2014
When markets are incomplete, social security can partially insure against idiosyncratic and aggregate risks. We incorporate both risks into an analytically tractable model with two overlapping generations and demonstrate that they interact over the life-cycle. The interactions appear even though...
Persistent link: https://www.econbiz.de/10010419846
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Funded and unfunded pension schemes : risk, return and welfare
Miles, David - 2000
and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different types of …
Persistent link: https://www.econbiz.de/10001452280
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Funded and unfunded pension schemes : risk, return and welfare
Miles, David - 2000
funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different …
Persistent link: https://www.econbiz.de/10009781509
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Funded and Unfunded Pension Schemes : Risk, Reutrn and Welfare
Miles, David - 2021
and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different types of …
Persistent link: https://www.econbiz.de/10013321171
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Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2015 - This Version: April 13, 2015
in closed form and show that joint presence of both risks leads to over-proportional risk exposure for households. This …
Persistent link: https://www.econbiz.de/10012061588