This paper studies the long-run implications for national wealth accumulation of potential changes in the U.S. social security system or in the size of the U.S. national debt. Privatization of a portion of the existing (unfunded) U.S. social security system would, if the national debt were held...

In Germany, there is an ongoing debate about how to increase the efficiency of the social security system. The aim of this paper is to simulate different financing systems for Germany with its typical Conservative welfare state regime. For our analysis, we rely on the European static...

Als kalte neoliberale Reformpolitik ist die Agenda 2010 bei ihrer Verkündung angesehen worden. Sicher war sie die Abkehr von einer einseitig sozialpolitisch orientierten Wirtschafts- und Arbeitsmarktpolitik. Ihr Ziel war aber keinesfalls, den Sozialstaat zu gefährden, sondern ihn angesichts...

In recent years, the discussion about welfare state reform has often focused on the effectiveness of social security schemes. This debate is torn between calls for more effective poverty alleviation on the one hand and concerns about welfare dependency and the need for stronger targeting of...

In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...

Die Agenda 2010 stellte eine historische Zäsur in der deutschen Arbeitsmarkt- und Sozialpolitik dar. Sie war nicht von langer Hand geplant, hat aber eine durchaus längere Vorgeschichte. Gesellschaftspolitisch stark umstritten, traf sie auf einen breiten, zustimmenden Konsens unter den...