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On the Design of Sustainable and Fair PAYG Pension Systems When Cohort Sizes Change

Knell, Markus - Oesterreichische Nationalbank - 2005

In this paper, the author deals with the question how to make PAYG pension systems financially resistant to fluctuating fertility rates. The author presents two pension schemes that lead to a permanently balanced budget but differ in the mixture of changes in the contribution rates and...

Persistent link: https://www.econbiz.de/10005273261

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

Population ageing and public pension reforms in a small open economy

Nickel, Christiane; Rother, Philipp; Theophilopoulou, … - 2008

This paper aims to address the issue of public pension reforms under demographic ageing that is likely to occur in …

Persistent link: https://www.econbiz.de/10011604909

Public debt, population ageing and medium-term growth

Dieppe, Alistair (contributor); Guarda, Paolo (contributor) - 2015

This paper analyses the challenges that high public debt and ageing populations pose to medium-term growth. First … ageing on medium-term growth can be mitigated by structural reforms boosting labour force participation. Finally, general … migration policies, and (d) fiscal consolidation should avoid perverse incentive effects that could lower labour supply and …

Persistent link: https://www.econbiz.de/10011606317

Pensions and housing wealth: Quantitative data on market conditions for equity release schemes in the EU

Hennecke, Peter; Murro, Pierluigi; Neuberger, Doris; … - 2017

Equity release schemes (ERS) may provide pension insurance by liquidating owner-occupied residential property. This paper examines the available data on market conditions for such products in all EU member states to cluster countries. Need for ERS is measured by demographic pressure, risk of...

Persistent link: https://www.econbiz.de/10011734799

Pensions and housing wealth : quantitative data on market conditions for equity release schemes in the EU

Hennecke, Peter; Murro, Pierluigi; Neuberger, Doris; … - 2016

This paper examines the available data on market conditions for equity release schemes (ERS) in all EU member states to cluster Member States for subsequent extrapolation of the findings from six EU Member States (DE, IT, NL, IE, HU, and the UK) to the EU as a whole. It aggregates various...

Persistent link: https://www.econbiz.de/10011497823

Pensions and housing wealth : quantitative data on market conditions for equity release schemes in the EU

Hennecke, Peter; Murro, Pierluigi; Neuberger, Doris; … - 2017 - Revised version October 2017

Persistent link: https://www.econbiz.de/10011732626

Measuring the balance of government intervention on forward and backward family transfers using NTA estimates: the modified Lee Arrows

Patxot, Concepció; Renteria, Elisenda; Romero, Miguel … - Max Planck Institute for Demographic Research, Rostock, … - 2012

In this paper we propose a way to measure the degree of government intervention on forward –from parents to children– and backward –from adult children to elderly parents– intergenerational family transfers (IFT). We carry out a discussion about the possibility of using Generational...

Persistent link: https://www.econbiz.de/10010851040

The Dynamic Fiscal Effects of Demographic Shift: The Case of Australia

Kudrna, George; Tran, Chung; Wooland, Alan - College of Business and Economics, Australian National … - 2014

summarised as follows. First, the demographic shifts towards population ageing lead to a change in the tax base from labor income …

Persistent link: https://www.econbiz.de/10010876549

The advantages of demographic change after the wave: fewer and older, but healthier, greener, and more productive?

Kluge, Fanny A.; Zagheni, Emilio; Loichinger, Elke; … - Max Planck Institute for Demographic Research, Rostock, … - 2014

Population aging is an inevitable global demographic process. Most of the literature on the consequences of demographic change focuses on the economic and societal challenges that we will face as people live longer and have fewer children. In this paper, we (a) describe key trends and...

Persistent link: https://www.econbiz.de/10010950585