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Evaluating welfare and economic effects of raised fertility

Makarski, Krzysztof; Tyrowicz, Joanna; Malec, Magda - 2019

longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger …

Persistent link: https://www.econbiz.de/10011997755

Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems

Tyrowicz, Joanna - 2018

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …

Persistent link: https://www.econbiz.de/10012915325

Small assumptions (can) have a large bearing: evaluating pension system reforms with OLG models

Bielecki, Marcin; Goraus, Karolina; Hagemejer, Jan; … - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2014

The objective of this paper is to inquire the consequences of some simplifying assumptions typically made in the overlapping generations (OLG) models of pension systems and pension system reforms. This literature is largely driven by policy motivations. Consequently, the majority of the papers...

Persistent link: https://www.econbiz.de/10010898115

The macroeconomics of PAYG pension schemes in an aging society

ARTIGE, Lionel; CAVENAILE, Laurent; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2014

-as-you-go pension systems when population ages. When the fertility rate decreases or longevity rises, it is shown that a shift from …

Persistent link: https://www.econbiz.de/10011228294

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … heterogeneous individuals. Moreover, unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance … without giving rise to high year-on-year volatility in consumption streams or opaque and rigid valuation and smoothing rules …

Persistent link: https://www.econbiz.de/10011252616

The Sooner The Better - The Welfare Effects of the Retirement Age Increase Under Various Pension Schemes

Bielecki, Marcin; Goraus, Karolina; Hagemejer, Jan; … - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2014

We evaluate the welfare and macroeconomic effects of increasing the retirement age in the context of population aging. In an overlapping generations framework we simulate the increase of the retirement age by seven years under different pension systems (defined benefit, notionally defined...

Persistent link: https://www.econbiz.de/10010765694

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 …

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

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 …

Persistent link: https://www.econbiz.de/10011821425

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 …

Persistent link: https://www.econbiz.de/10011873445

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 …

Persistent link: https://www.econbiz.de/10011812264