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Coping with demographic change: macroeconomic performance and welfare inequality effects of public pension reform

Devriendt, Willem; Heylen, Freddy - 2018

Persistent link: https://www.econbiz.de/10012017962

Saving and Retirement Decisions with Pension Risk

Wagener, Andreas - In: FinanzArchiv: Public Finance Analysis 63 (2007) 1, pp. 107-132

We analyze the impact of increased pension uncertainties on saving and retirement decisions, both in isolated and in … joint decision problems. In the absence of other risks, saving is increased and retirement is delayed when social security … pensions get more risky. If saving and retirement decisions are risky themselves, risk-vulnerable individuals will save less …

Persistent link: https://www.econbiz.de/10005764486

Can poductive government spending be the engine of long-run growth when labor supply is engogenous?

Park, Hyun; Philippopulos, Apostolēs - 2002

We reexamine the properties of optimal fiscal policy and their implications for implementable capital accumulation. The setup is a standard endogenous growth model with public production services, augmented by elastic labor supply. We show that, when a benevolent government chooses a distorting...

Persistent link: https://www.econbiz.de/10011409385

Simple Criteria of Growth-Enhancing Social Security Systems

Miyazawa, Kazutoshi - In: FinanzArchiv: Public Finance Analysis 60 (2004) 1, pp. 42-42

It has been believed that a social security system (SSS) is harmful to economic growth. However, it has been recognized recently that a SSS can encourage economic growth if the engine of the growth is human-capital accumulation. This paper uses an analytical model à la Uzawa/Lucas to examine...

Persistent link: https://www.econbiz.de/10005823449

Active versus Passive Policies of Unemployment: Growth and Public Finance Perspectives

Gupta, Rangan; Toit, Charlotte du - Department of Economics, Faculty of Economic and … - 2006

This paper develops a general equilibrium endogenous growth model in an overlapping generations framework, and compares, in terms of economic growth, a passive unemployment policy (unemployment insurance) with an active unemployment policy (government expenditures targeted towards improving the...

Persistent link: https://www.econbiz.de/10005773193

Growth and Social Security: The Role of Human Capital

Kemnitz, Alexander; Wigger, Berthold U. - Centro Studi di Economia e Finanza (CSEF) - 2000

This paper studies the growth and efficiency effects of pay-as-you-go financed social security when human capital is the engine of growth. Employing a variant of the Lucas (1988) model with overlapping generations, it is shown that a properly designed unfunded social security system leads to...

Persistent link: https://www.econbiz.de/10005750387

Pay-as-you-go financed public pensions in a model of endogenous growth and fertility

Wigger, Berthold U. - In: Journal of Population Economics 12 (1999) 4, pp. 625-640

Employing an overlapping generations endogenous growth model in which parents derive utility from having children and, additionally, expect children to support them in old age, this paper explores the interrelation between growth, fertility, and the size of pay-as-you-go financed public...

Persistent link: https://www.econbiz.de/10005395958

Income effects of disability benefits

Becker, Sebastian; Gehlen, Annica; Geyer, Johannes; … - 2024

We provide novel evidence about the incentive and welfare effects of an increase in the generosity of disability benefits. Importantly, a unique policy variation in Germany allows us to isolate the income effect of a change in benefit generosity. We leverage this quasi-experimental policy...

Persistent link: https://www.econbiz.de/10015063462

Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10003779148

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