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The Value of Children and Immigrants in a Pay-as-You-Go Pension System : A Proposal for a Partial Transition to a Funded System
Sinn, Hans-Werner - 1998
It is shown that the net fiscal externality created by an additional member of a Pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this is an amount of about DM 175,000. The paper uses this information to design a...
Persistent link: https://www.econbiz.de/10014072177
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Social Security : Unemployment and Immigration
Copeland, Craig - 2002
This article investigates the impact of increases and decreases in the level of net immigration in the United States as … of net immigration. The study found that a half a percentage point change in the unemployment rate leads to a 0 … immigration fall by one-half from the Board of Trustees' intermediate assumption value, the actuarial balance would decrease by -0 …
Persistent link: https://www.econbiz.de/10014116744
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Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems
Hassler, John; Lindbeck, Assar - 1997
In an analysis of the risk-sharing properties of different types of pension systems, we show that only a fixed-fee pay-as-you go (PAYG) pension systems can provide intergenerational risk sharing for living individuals. Under some circumstances, however, other PAYG pension systems can enhance the...
Persistent link: https://www.econbiz.de/10010334878
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Can and Should a Pay-As-You-Go Pension System Mimic a Funded System?
Hassler, John; Lindbeck, Assar - 1998
This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially...
Persistent link: https://www.econbiz.de/10010334940
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Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems
Hassler, John; Lindbeck, Assar - C.E.P.R. Discussion Papers - 1997
In an analysis of the risk-sharing properties of different types of pension systems, we show that only fixed-fee pay-as-you-go (PAYG) pension systems can provide risk sharing for living individuals. Under some circumstances, however, other PAYG pension systems can enhance the expected welfare of...
Persistent link: https://www.econbiz.de/10005497947
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Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems
Hassler, John; Lindbeck, Assar - Institutet för Näringslivsforskning (IFN) - 1997
In an analysis of the risk-sharing properties of different types of pension systems, we show that only a fixed-fee pay-as-you go (PAYG) pension systems can provide intergenerational risk sharing for living individuals. Under some circumstances, however, other PAYG pension systems can enhance the...
Persistent link: https://www.econbiz.de/10005645297
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Can and Should a Pay-As-You-Go Pension System Mimic a Funded System?
Hassler, John; Lindbeck, Assar - Institutet för Näringslivsforskning (IFN) - 1998
This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially...
Persistent link: https://www.econbiz.de/10005645306
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Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems
Hassler, John; Lindbeck, Assar - Institute for International Economic Studies (IIES), … - 1997
In an analysis of the risk-sharing properties of different types of pension systems, we show that only a fixed-fee pay-as-you-go (PAYG) pension systems can provide intergenerational risk sharing for living individuals. Under some circumstances, however, other PAYG pension systems can enhance the...
Persistent link: https://www.econbiz.de/10005648769
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Pension reform in the Czech Republic: Not a Lost Case?
Schneider, Ondrej - Institut ekonomických studií, Univerzita Karlova v Praze - 2006
In this paper, we combine macro and microeconomic approaches to a pension reform. First, we modify an OLG model and estimate macroeconomic effects of a pension systém switch from a pure PAYG to a mixed system. Second, we employ macroeconomic results in a microeconomic simulation in which we...
Persistent link: https://www.econbiz.de/10005698665
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Migration-regime liberalization and social security : political-economy effect
Razin, Asaf; Sand, Edith - 2009
through which the social security system influences voter attitudes in favor of more liberal immigration regime. We …
Persistent link: https://www.econbiz.de/10003850506