Similar Search Results

Funded and unfunded pension schemes : risk, return and welfare

Miles, David - 2000

This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on fun ded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...

Persistent link: https://www.econbiz.de/10009781509

Ambiguous survival beliefs and hyperbolic discounting in a life-cycle model : conference paper

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2013

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …

Persistent link: https://www.econbiz.de/10010340559

Subjective life expectancy and private pensions : conference paper

Bucher-Koenen, Tabea; Kluth, Sebastian - 2013

One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection effects based on subjective...

Persistent link: https://www.econbiz.de/10010340956

Saving and consumption when children move out : conference paper

Rottke, Simon; Klos, Alexander - 2013

Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone....

Persistent link: https://www.econbiz.de/10010341617

Growth, savings, financial markets and Markov switching regimes

Jacobson, Tor; Lindh, Thomas; Warne, Anders - 1998

We report evidence that the relation between the financial sector share, private savings and growth in the United …

Persistent link: https://www.econbiz.de/10011583563

On the causality between saving and growth : long- and short-run dynamics and country heterogeneity

Andersson, Björn - 1999

The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...

Persistent link: https://www.econbiz.de/10011587110

Precautionary saving and altruism

Nordblom, Katarina - 1997

one. Also welfare and savings effects from social insurance turn out to be sensitive to assumptions about family structure … welfare and precautionary savings. …

Persistent link: https://www.econbiz.de/10011587662

The role of saving and investment in exchange rate determination under alternative monetary mechanisms

Helpman, Elhanan; Razin, Asaf - 1984

Persistent link: https://www.econbiz.de/10000082409

Government debt, agent heterogeneity and wealth displacement in a small open economy

Petrucci, Alberto R. - 2002

The consequences of government debt on capital formation, financial wealth and labor are investigated in a small open economy with demographic heterogeneity. Two alternative types of demographics are considered: one with intragenerational heterogeneity of the ''savers-spenders'' (SS) type, and...

Persistent link: https://www.econbiz.de/10011597848

Natural resources, investment and long-term income

Papyrakis, Elissaios; Gerlagh, Reyer - 2004

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

Persistent link: https://www.econbiz.de/10011603136