Obwohl die Bedeutung impliziter Steuersätze für Effizienzeffekte eines Rentensystems bekannt ist, gibt es hinsichtlich der altersabhängigen Struktur und Höhe dieser Steuersätze im wesentlichen nur Vermutungen. Zwar wird grungsätzlich angenommen, daß die impliziten Steuersätze während...

Many EU states have adjusted pension benefits or reformed the pension system in reaction to the recent economic crisis, while other member states have postponed this type of adjustments. In this paper we analyse the welfare effects of these different reactions to the crisis in an economic union....

The sustainability of a defined benefit pay-as-you-go (DBPAYG) pension system is investigated in the context of an overlapping-generations model of endogenous fertility with heterogeneous agents. The model places particular emphasis on the time costs of child rearing. It illustrates the...