German Abstract:Simulationsmodelle der Gesetzlichen Rentenversicherung (GRV) berücksichtigen die Heterogenität des Versichertenbestandes bisher kaum. Insbesondere die Einkommensheterogenität blieb bislang unberücksichtigt. In diesem Papier wird das Rentensimulationsmodell MEA-PENSIM um eine...

We propose a Markov-chain approximation method for discrete-time control problems, showing how to reap the speed gains from continuous-time algorithms in this class of models. Our approach specifies a discrete Markov chain on a grid, taking a first-order approximation of conditional...

This article comprises a tractable two-generations-overlapping, stochastic, neoclassical production economy, where government bonds are in positive net supply. In this framework we show that the entrance of larger (smaller) cohorts into the labor market will lead to an increase (decrease) in the...

This study investigates the role of childhood conditions and societal context in older Europeans’ propensity to age successfully, controlling for later life risk factors. Successful aging was assessed following Rowe and Kahn’s conceptualization, using baseline interviews from the first two...

With the arrival of effective COVID-19 vaccines, the main issue in the fight against the pandemic became how to quickly vaccinate as many people as possible to contain the pandemic and especially to protect those most at risk, e.g. the older population. After initial problems with vaccine supply...

English Abstract: Epidemic control measures that aim to introduce social distancing help to decelerate the spread of the COVID-19 pandemic. However, their consequences in terms of mental well-being might be negative, especially for older adults. While existing studies mainly focus on the time...

English Abstract: The first wave of the COVID-19 pandemic hit the European countries at the beginning of 2020. This has become particularly problematic for those in need for personal care as related epidemiological control measures (physical distancing, stay-at-home requirements etc.) installed...

English Abstract: Over the past few decades, different reforms have come into force, which aim at keeping older workers in the labor market longer. Broad literature to date has investigated reform effects for the average worker. Evidence on the heterogeneous reform effects on different groups is...

German Abstract: Seit 2019 gilt eine so genannte „doppelte Haltelinie“, die dafür sorgt, dass das Sicherungsniveau der gesetzlichen Rentenversicherung nicht unter 48% absinken und gleichzeitig der Beitragssatz nicht über 20% ansteigen wird. Diese Haltelinie gilt bis 2025. Anschließend...

English Abstract: Targeting is an important aim for social policy. Three case studies in this paper reflect typical short-comings in the targeting design of pension reforms. The first case study examines how well work disability and receipt of disability insurance match in Germany. We show that...