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The sustainability of the pay-as-you-go system with falling birth rates
Praag, Bernard M. S. van; Cardoso, Pedro - 2002
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
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The mix between pay-as-you-go and funded pensions and what demography has to do with it
Praag, Bernard M. S. van; Cardoso, Pedro - 2003
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...
Persistent link: https://www.econbiz.de/10011514202
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The Sustainability of the Pay-as-you-go System with Falling Birth Rates
Praag, Bernard M.S. van; Cardoso, Pedro - Tinbergen Institute - 2002
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10005144543
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The Sustainability of the Pay-as-you-go System with Falling Birth Rates
Praag, Bernard M.S. van; Cardoso, Pedro - Tinbergen Instituut - 2002
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011257498
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Intergenerational transfers, demographic transition, and altruism : problems in developing asia
Koda, Yoshitaka; Manachaya Uruyos; Dheera-aumpon, Siwapong - 2017
the degrees of filial and parental altruism and adjust them with their respective life expectancy and fertility rates. The … altruism than those in the other countries. Our welfare analyses reveal that the developing Asian countries must introduce more … filial altruism will trap the developing Asian countries at the current low levels of public old-age supports and social …
Persistent link: https://www.econbiz.de/10011757923
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The Mix between Pay-as-You-Go and Funded Pensions and What Demography Has to Do with it
van Praag, B.M.S; Cardoso, Pedro - 2021
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...
Persistent link: https://www.econbiz.de/10013221902
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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10011339670
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Access to pensions, old-age support, and child investment in the People's Republic of China
Shan, Xiaoyue; Park, Albert - 2023
This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People's Republic of China, using a...
Persistent link: https://www.econbiz.de/10014280029
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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
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How to avoid a pension crisis : a question of intelligent system design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003820014