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We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status as main factors that shape the relationship between...
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consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …) affected by the virus, but may increase savings if individuals perceive a sizable probability of getting infected later in life …
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When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
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