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In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension …-generational redistribution isolated from possible inter-generational redistribution. We use contribution records of approx. 100,000 German … individuals, who progressed into retirement in 2007-2015, to measure the level of intra-generational redistribution in the German …
Persistent link: https://www.econbiz.de/10012195722
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension …-generational redistribution isolated from possible inter-generational redistribution. We use contribution records of approx. 100,000 German … individuals, who progressed into retirement in 2007-2015, to measure the level of intra-generational redistribution in the German …
Persistent link: https://www.econbiz.de/10012197556
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012249285
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, the...
Persistent link: https://www.econbiz.de/10011326408
This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings...
Persistent link: https://www.econbiz.de/10014531985
This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...
Persistent link: https://www.econbiz.de/10014426328
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension …-generational redistribution isolated from possible inter-generational redistribution. We use contribution records of approx. 100,000 German … individuals, who progressed into retirement in 2007-2015, to measure the level of intra-generational redistribution in the German …
Persistent link: https://www.econbiz.de/10012196450
Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the...
Persistent link: https://www.econbiz.de/10009579282
growth on intergenerational redistribution in a pay-as-you-go pension system with a constant contribution or constant …
Persistent link: https://www.econbiz.de/10009491077
One of the main reasons to include pay-as-you-go (PAYG) schemes in multi-pillared pension systems is that they may entail beneficial risk-sharing and diversification features However, depending on the pension formula these features vary significantly for different types of PAYG schemes. We...
Persistent link: https://www.econbiz.de/10011398914