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Pension systems (un)sustainability and fiscal constraints : a comparative analysis
Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2023
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014292762
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Pension systems (un)sustainability and fiscal constraints : a comparative analysis
Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2023
Persistent link: https://www.econbiz.de/10014304874
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Social security reforms, capital accumulation, and welfare : a notional defned contribution system vs a modifed PAYG system
Li, Shiyu; Lin, Shuanglin - In: Journal of population economics : international … 37 (2024) 1, pp. 1-34
Persistent link: https://www.econbiz.de/10014530801
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"Should I pay for you or for myself?" : the optimal level and composition of retirement benefits systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10001573375
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The intergenerational distribution of demographic fluctuations in unfunded and funded pension systems : conference paper
Knell, Markus - 2013
In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...
Persistent link: https://www.econbiz.de/10010341066
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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10011339670
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Endogenous Fertility, Externality and Phase Out of Pensions
., Amol; Bishnu, Monisankar; Kumar, Harsh; Ray, Tridip - 2020
the pensions out. In a model with endogenous fertility the paper first confirms the sub-optimality of parent’s choices and … Pareto satisfies all the standard efficiency criteria suggested in the literature when fertility is endogenous …
Persistent link: https://www.econbiz.de/10014090904
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Public pensions with endogenous fertility : comment on Nishimura and Zhang
Cigno, Alessandro - In: Journal of public economics 57 (1995) 1, pp. 169-173
Persistent link: https://www.econbiz.de/10001184679
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Fertility and Social Security
Boldrin, Michele - 2008
fertility. What type of model is consistent with this finding? We explore this question using two models of fertility: one by …-age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker model is very small …, whereas the effect on fertility in the Boldrin and Jones model is sizeable and accounts for between 55 and 65% of the observed …
Persistent link: https://www.econbiz.de/10012770842
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Pension Policies in a Model with Endogenous Fertility
Cipriani, Giam - 2018
We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy … have negative effects on the fertility rate, thus exacerbating population ageing …
Persistent link: https://www.econbiz.de/10012919500