Showing 1 - 10 of 38
In this Paper we show the quantitative importance of the process that determines changes in family composition to determine the main macroeconomic magnitudes. We do so by modeling family type as a stochastic process that affects households in a way similar to shocks to earnings. Agents respond...
Persistent link: https://www.econbiz.de/10005661668
The impact of the British government's new proposals for personal portable pensions and of the parallel reduction of …
Persistent link: https://www.econbiz.de/10005497974
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension...
Persistent link: https://www.econbiz.de/10011083803
the effects of a pension reform in Argentina that resulted in an unexpected and substantial increase in permanent income … within the household. Our results imply that a 10 percentage-point increase in senior women’s income share within the couple … chores and to a significant increase of 11% in their husbands’ participation in household chores. Moreover, this large income …
Persistent link: https://www.econbiz.de/10011084362
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions … importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of return and … income risks and also upon the actuarial fairness of annuity contracts. …
Persistent link: https://www.econbiz.de/10005067559
United Kingdom and the rest of Europe. How governments respond to shifts in saving and in the burden of state pensions is …
Persistent link: https://www.econbiz.de/10005656147
might be direct gainers, and which losers, from a transition to funded state pensions. We estimate what the structure of …
Persistent link: https://www.econbiz.de/10005656405
: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital …’s welfare accounts. The government could redistribute income across people’s welfare accounts, but these redistributions would …
Persistent link: https://www.econbiz.de/10005661484
state pensions. The analysis suggests that, while the slowdown in European population growth raises some potential problems …
Persistent link: https://www.econbiz.de/10005662094
divorced women is growing, but their pension prospects are poor. The paper outlines current British arrangements for pensions …
Persistent link: https://www.econbiz.de/10005662338