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Social security reforms, capital accumulation, and welfare : a notional defned contribution system vs a modifed PAYG system

Li, Shiyu; Lin, Shuanglin - In: Journal of population economics : international … 37 (2024) 1, pp. 1-34

Persistent link: https://www.econbiz.de/10014530801

The Distributional Aspects of Social Security and Social Security Reform

Feldstein, Martin - 2007

Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging...

Persistent link: https://www.econbiz.de/10012675795

Pension reform, retirement and life-cycle unemployment

Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - 2007

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions: strengthening the tax benefit link, moving from wage to price...

Persistent link: https://www.econbiz.de/10010264263

Endogenous retirement behavior of heterogeneous households under pension reforms

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...

Persistent link: https://www.econbiz.de/10011891939

The rational expectations hypothesis : an assessment from Popper's philosophy

Ayala, Iván H.; Palacio Vera, Alfonso - 2014

discuss its compatibility with two strands of Karl Popper's philosophy: his theory of knowledge and learning, and his …

Persistent link: https://www.econbiz.de/10010233586

Attention to the macroeconomy

Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2023

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before and during a historic shock to inflation, we...

Persistent link: https://www.econbiz.de/10014382474

Intergenerational risk-sharing through funded pensions and public debt

Chen, Damiaan H. J.; Beetsma, Roel; Ponds, Eduard; … - 2014

We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …

Persistent link: https://www.econbiz.de/10010238325

Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: September 22, 2014

When markets are incomplete, social security can partially insure against idiosyncratic and aggregate risks. We incorporate both risks into an analytically tractable model with two overlapping generations and demonstrate that they interact over the life-cycle. The interactions appear even though...

Persistent link: https://www.econbiz.de/10010419846

Voluntary participation and intergenerational risk sharing in a funded pension system

Beetsma, Roel; Romp, Ward E.; Vos, Siert J. - 2011 - This version: March 16, 2011

We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the … increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is … necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. …

Persistent link: https://www.econbiz.de/10011386164

The Political Economy of Intergenerational Risk Sharing

Hollanders, David - 2010

This paper analyses the political constraints of intergenerational risk sharing. The first result is that the political … PAYG still contributes to intergenerational risk sharing. The third result is that aging increases the discrepancy between …

Persistent link: https://www.econbiz.de/10013136988