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Why funding is not a solution to the "social security crisis"

Breyer, Friedrich - 2001

It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...

Persistent link: https://www.econbiz.de/10011434286

Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung : Theorie und Empirie für Deutschland

Leinert, Johannes; Wagner, Gert G. - 2001

Eine unerwartet steigende Lebenserwartung führt bei privaten kapitalgedeckten Rentenversicherungsverträgen zu sinkenden Rentenzahlungen und/oder einer Belastung des Versicherungsunternehmens, das verschiedene Möglichkeiten hat, dieser Belastung zu entgegnen. Für Deutschland wird anhand der...

Persistent link: https://www.econbiz.de/10011434997

Demographic change and partial funding : is the Swedish pension reform a role model for Germany?

Jagob, Jochen; Sesselmeier, Werner - 2015

member states are shrinking and getting older. This holds for Sweden and above all for Germany. Due to OECD figures the share … assumed to double until 2040. In Sweden the rise was the same with 11.8% in 1960 and 17.4% in 1997. The forecasts are very … similar to the German ones. Consequently both countries have reacted on this challenge: Sweden with its pension reform act in …

Persistent link: https://www.econbiz.de/10011524490

Long-term optimisation fundaments of pension system in Croatia

Luburić, Goran; Šipić, Neven - In: Economic research (2013), pp. 281-298

Persistent link: https://www.econbiz.de/10011526583

How sustainable are old-age pensions in a shrinking population with endogenous labour supply?

Cardoso, Pedro; Praag, Bernard M. S. van - 2003

In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...

Persistent link: https://www.econbiz.de/10011514183

The mix between pay-as-you-go and funded pensions and what demography has to do with it

Praag, Bernard M. S. van; Cardoso, Pedro - 2003

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...

Persistent link: https://www.econbiz.de/10011514202

Herding behavior and default in funded pension schemes : the Chilean case

Bravo, Francisco; Ruiz, José Luis - In: Emerging markets finance & trade : a journal of the … 51 (2015) 6, pp. 1230-1243

Persistent link: https://www.econbiz.de/10011561258

Social security reform and intergenerational trade : is there scope for a Pareto-improvement?

Köthenbürger, Marko; Poutvaara, Panu - 2002

In earlier literature, the suggested Pareto improvements in pay-as-you-go (PAYG) systems have relied on the presence of externalities or the possibility of intragenerational redistribution. We show that neither assumption is necessary in an economy with intergenerational trade in a fixed factor...

Persistent link: https://www.econbiz.de/10011539002

Intergenerational risk-sharing through funded pensions and public debt

Chen, Damiaan H. J.; Beetsma, Roel; Ponds, Eduard; … - In: Journal of pension economics and finance 15 (2016) 2, pp. 127-159

Persistent link: https://www.econbiz.de/10011566282

Funding pensions in Scotland : would independence matter?

Bell, David N. F.; Comerford, David; Eiser, David - In: National Institute economic review (2014) 227, pp. 21-31

Persistent link: https://www.econbiz.de/10010396094