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The Modern Tontine : An Innovative Instrument for Longevity Risk Management in an Aging Society

Weinert, Jan-Hendrik - 2017

The changing social, financial and regulatory frameworks, such as an increasingly aging society, the current low interest rate environment, as well as the implementation of Solvency II, lead to the search for new product forms for private pension provision. In order to address the various...

Persistent link: https://www.econbiz.de/10012941322

The Welfare State and the Demographic Dividend : A Cross-Country Comparison

Abio, Gemma - 2015

The sustainability of the welfare state is in doubt in many developed countries due to drastic population ageing. The extent of the problem and the margin for reforms depend - among other factors - on the size of the ageing process and the size of the public transfer system. The latter has a...

Persistent link: https://www.econbiz.de/10013010955

Inherited Wealth and Demographic Aging

Onder, Harun - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10012985794

Impact of Demographic Changes on Inflation and the Macroeconomy

Yoon, Jong-won - 2018

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

Persistent link: https://www.econbiz.de/10012920786

A Cross-Country Analysis of Population Aging and Financial Security

Lyons, Angela - 2018

Throughout the world, policy makers are concerned about the impact that population aging will have on the financial security of households and nations. Key questions include: (1) are the aging, and soon to be aged populations, adequately preparing for old age? and (2) how does financial...

Persistent link: https://www.econbiz.de/10012933265

Population Aging, Relative Prices and Capital Flows Across the Globe

Papetti, Andrea - 2021

savings become less profitable, thus lowering consumption at older ages. The model robustly predicts that faster …

Persistent link: https://www.econbiz.de/10013226468

The determinants and long-term projections of saving rates in developing Asia

Horioka, Charles; Terada Hagiwara, Akiko - 2011 - May 25, 2010; rev. October 27, 2011

In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...

Persistent link: https://www.econbiz.de/10009348943

Demographic aging, industrial policy, and Chinese economic growth

Dotsey, Michael; Li, Wenli; Yang, Fang - 2019

savings and in per capita output growth in China since the mid-1970s. The demographic changes come from reductions in the … policies both contributed to in- creases in savings and output growth but with differing intensities and at different horizons …. We further demonstrate the importance of endogenous human capital investment in accounting for the economic growth in …

Persistent link: https://www.econbiz.de/10012058934

On welfare effects of increasing retirement age

Makarski, Krzysztof; Tyrowicz, Joanna - 2018

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....

Persistent link: https://www.econbiz.de/10011812259

Who cares about the day after tomorrow? : pension issues when households are myopic or fime inconsistent

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte - 2017

Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...

Persistent link: https://www.econbiz.de/10011635567