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We study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal...
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This paper investigates how demographic change affects the financial sustainability of apay-as-you-gosocialsecuritysysteminanenvironmentwithcollectivebargainingonthe labor market. Partial equilibrium analysis shows that the contribution rate or the benefit level decreases, if the old-age...
Persistent link: https://www.econbiz.de/10012062407
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
As part of a larger research project, we survey existing data sets and research results on immigrants' integration success in Austria focusing on educational and labour market outcomes. We consider different registers as well as survey data available to researchers on a regular basis and compare...
Persistent link: https://www.econbiz.de/10012319585
This paper investigates how demographic change affects the financial sustainability of a defined benefit pay-as-you-go social security system in an environment with collective bargaining on the labor market. Temporary equilibrium analysis shows that the contribution rate decreases, if the...
Persistent link: https://www.econbiz.de/10011993820
In dem dieser Studie zugrunde liegenden Projekt wurde systematisch der langfristige Zusammenhang zwischen demographischem Wandel, Urbanisierung und öffentlichen (Investitions-)Ausgaben untersucht. Eine Langzeitbetrachtung von 1950 bis 2012 ermöglicht erstmals die Beantwortung der Frage,...
Persistent link: https://www.econbiz.de/10011956729
The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme (“second pillar”) that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...
Persistent link: https://www.econbiz.de/10011431338