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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward - 2004
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …
Persistent link: https://www.econbiz.de/10010262119
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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward - Institute for the Study of Labor (IZA) - 2004
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …
Persistent link: https://www.econbiz.de/10005703380
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How sustainable are old-age pensions in a shrinking population with endogenous labour supply?
Cardoso, Pedro; Praag, Bernard M. S. van - 2003
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
Persistent link: https://www.econbiz.de/10011514183
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The mix between pay-as-you-go and funded pensions and what demography has to do with it
Praag, Bernard M. S. van; Cardoso, Pedro - 2003
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, that...
Persistent link: https://www.econbiz.de/10011514202
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Ndc : The Generic Old-Age Pension Scheme
Góra, Marek - 2019
economic efficiency - through the effects on marginal decisions to choose formal work over informal work or leisure and to …
Persistent link: https://www.econbiz.de/10012870259
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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
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
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The Mix between Pay-as-You-Go and Funded Pensions and What Demography Has to Do with it
van Praag, B.M.S; Cardoso, Pedro - 2021
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, that...
Persistent link: https://www.econbiz.de/10013221902
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How Sustainable are Old-Age Pensions in a Shrinking Population with Endogenous Labour Supply?
Cardoso, Pedro; van Praag, B.M.S - 2021
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
Persistent link: https://www.econbiz.de/10013320072
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Should I Pay for You or for Myself? The Optimal Level and Composition of Retirement Benefit Systems
van Praag, B.M.S; Cardoso, Pedro - 2021
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/10013321036
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Shifting perspectives in pensions
Góra, Marek (contributor); Palmer, Edward E. (contributor) - 2004 - [Elektronische Ressource]
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …
Persistent link: https://www.econbiz.de/10002480853