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This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …
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This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions (DP) or old-age pensions (OAP), de-pending on...
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