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Annuity Market Imperfection, Retirement and Economic Growth
Heijdra, Ben J. - 2009
-independent wages and a constant mortality rate. In the first extension we study the implications for microeconomic decisions and … realistic mortality process. Our main findings are that the limited availability of annuities induces agents to retire early in … the first two models, but later in the model with age-dependent mortality. In all cases, the general equilibrium …
Persistent link: https://www.econbiz.de/10013157843
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Economic Growth and Longevity Risk with Adverse Selection
Heijdra, Ben J. - 2010
We study adverse selection on annuity markets in a general-equilibrium model of the closed economy. Agents differ in their health type and invest their assets on the annuity market. Without informational asymmetries themodel features a separating equilibrium in which each agent obtains an...
Persistent link: https://www.econbiz.de/10013146294
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Economic Growth and Longevity Risk with Adverse Selection
Heijdra, Ben J. - 2010
external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to …
Persistent link: https://www.econbiz.de/10013148997
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Growth, Death, and Taxes
Hendricks, Lutz - 2001
A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
Persistent link: https://www.econbiz.de/10014144890
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Growth, Death, and Taxes
Hendricks, Lutz - 1998
A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
Persistent link: https://www.econbiz.de/10014070881
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Growth and welfare under endogenous lifetime
Schneider, Maik T.; Winkler, Ralph - 2017 - This Version: February 2017
growth. We identify the moral-hazard effect in healthcare investments when annuity rates are conditioned on average mortality …
Persistent link: https://www.econbiz.de/10011611936
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Pensions, economic growth and welfare in advanced economies
Devesa, Enrique; Doménech, Rafael - In: Economic challenges of pension systems : a …, (pp. 81-103). 2020
In this chapter, we analyse the effects of PAYG and funded pension systems on welfare. The debate on the choice between alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and the potential benefits of mixed systems in...
Persistent link: https://www.econbiz.de/10012207196
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Analysis of factors affecting growth of pension mutual funds in Turkey
Acikgoz, Ersin; Uygurturk, Hasan; Korkmaz, Turhan - In: International journal of economics and financial issues … 5 (2015) 2, pp. 427-433
Persistent link: https://www.econbiz.de/10011453553
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Life insurance and income growth : the case of Sweden 1830 - 1950
Andersson, Lars Fredrik; Eriksson, Liselotte; Lindmark, … - In: Scandinavian economic history review 58 (2010) 3, pp. 203-219
Persistent link: https://www.econbiz.de/10008934905
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Longevity risk and economic growth in sub-populations : evidence from Italy
Bozzo, Giuseppina; Levantesi, Susanna; Menzietti, … - In: Decisions in economics and finance : a journal of … 44 (2021) 1, pp. 101-115
Persistent link: https://www.econbiz.de/10012587821