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Pension systems, Intergenerational Risk Sharing and Inflation

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2007

We investigate intergenerational risk sharing in two-pillar pension systems with a pay-as-you-go pillar and a funded … intergenerational risk sharing can be achieved only in the presence of a defined benefit pension system with appropriate restrictions on …

Persistent link: https://www.econbiz.de/10005497820

Public Pension Reform, Demographics, and Inequality

Weizsäcker, Robert K von - C.E.P.R. Discussion Papers - 1994

Starting from a simple, descriptive model of individual income, an explicit link between the age composition of a population and the personal distribution of incomes is established. Demographic effects on income inequality are derived. Next, a pay-as-you-go financed state pension system is...

Persistent link: https://www.econbiz.de/10005666745

Does an Aging Population Increase Inequality?

Weizsäcker, Robert K von - C.E.P.R. Discussion Papers - 1996

The paper reviews recent research on the impact of an aging population on the distribution of income. After briefly discussing the demographic conditions responsible for population aging, a short account is given of demographic trends in the industrialized world. In order to disentangle the many...

Persistent link: https://www.econbiz.de/10005791974

The Political Feasibility of Increasing Retirement Age: Lessons from a Ballot on Female Retirement Age

Bütler, Monika - C.E.P.R. Discussion Papers - 2001

In 1998, the Swiss voters approved of an increase in female retirement age from 62 to 64. The referendum, being on a single issue only, offers a unique opportunity to explore the political feasibility of pension reforms and to apply theoretical models of life-cycle decision making. Estimates...

Persistent link: https://www.econbiz.de/10005114172

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

Persistent link: https://www.econbiz.de/10011252616

Designing Democracies for Sustainability

Gersbach, Hans; Kleinschmidt, Tobias - C.E.P.R. Discussion Papers - 2004

sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can … achieve sustainability. RSRs stipulate that incumbents who are not re-elected, but obtain the majority support among young …

Persistent link: https://www.econbiz.de/10005662383

Public Saving and Policy Coordination in Ageing Economies

Flodén, Martin - C.E.P.R. Discussion Papers - 2002

In the coming decades, the share of people in working age will fall significantly in most developed countries. According to optimal taxation theory, public debts should be reduced before the baby-boom generation retires. I find that if debts are instead maintained at the current levels, welfare...

Persistent link: https://www.econbiz.de/10005497919

Crime and the Depenalization of Cannabis Possession: Evidence from a Policing Experiment

Adda, Jérôme; McConnell, Brendon; Rasul, Imran - C.E.P.R. Discussion Papers - 2014

We evaluate the impact on crime of a localized policing experiment that depenalized the possession of small quantities of cannabis in the London borough of Lambeth. Such a policy can: (i) impact the demand for cannabis in Lambeth as users move there to purchase cannabis; (ii) enable the Lambeth...

Persistent link: https://www.econbiz.de/10011083271

The Difficult Case of Persuading Women: Experimental Evidence from Childcare

Billari, Francesco C.; Galasso, Vincenzo; Profeta, Paola; … - C.E.P.R. Discussion Papers - 2013

Gender stereotypes are well established also among women. Yet, a recent literature suggests that learning from other women experience about the effects of maternal employment on children outcomes may increase female labor force participation. To further explore this channel, we design a...

Persistent link: https://www.econbiz.de/10011083404

Evaluating the Employment Impact of a Mandatory Job Search Programme

Blundell, Richard William; Costa Dias, Monica; Meghir, … - C.E.P.R. Discussion Papers - 2003

This Paper exploits area-based piloting and age-related eligibility rules to identify treatment effects of a labour market program – the New Deal for Young People in the UK. A central focus is on substitution/displacement effects and on equilibrium wage effects. The programme includes...

Persistent link: https://www.econbiz.de/10005067600