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The population of developing Asia, in particular East Asia, is aging. Funding the needs of its growing population of older adults is the biggest socioeconomic challenge that aging presents for the region. The central objective of our paper is to analyze empirically how individuals fund their...
Persistent link: https://www.econbiz.de/10015073813
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
The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...
Persistent link: https://www.econbiz.de/10011300641
health care or transfers such as state pensions. Whether a generation receives a net subsidy from another generation (or … least the paper shows that the issue of funded versus unfunded public sector pensions is not as clear cut as some might … believe it to be. Perhaps counter intuitively, having unfunded public sector pensions might actually be intergenerationally …
Persistent link: https://www.econbiz.de/10013139207
Persistent link: https://www.econbiz.de/10014240195
This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular, the paper considers a situation in which population aging causes a heavy burden of social security payments where public debt is issued by the government to finance the...
Persistent link: https://www.econbiz.de/10014221687
Persistent link: https://www.econbiz.de/10012612965
Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using administrative tax-filer data, exploiting longitudinal...
Persistent link: https://www.econbiz.de/10012373119
Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using administrative tax-filer data, exploiting longitudinal...
Persistent link: https://www.econbiz.de/10012321837
this century. In the coming decades, population aging will put pressure on public spending in areas such as pensions and … analyze the changes that may occur in the structure and volume of spending on social security (pensions) as a result of …
Persistent link: https://www.econbiz.de/10010489165