Similar Search Results

Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age

Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2021

expectancy uses a Bayesian Model Ensemble approach to stochastic mortality modelling to generate forecasts of intergenerationally …

Persistent link: https://www.econbiz.de/10013314670

Demographic Change and Climate Change

Rauscher, Michael - 2019

The paper uses a continuous-time overlapping-generations model with endogenous growth and pollution accumulation over time to study the link between longevity and global warming. It is seen that increasing longevity accelerates climate change in a business-as-usual scenario without climate...

Persistent link: https://www.econbiz.de/10012866368

Pensions and Fertility : Micro-Economic Evidence

Danzer, Alexander M. - 2020

This study identifies the causal effect of pension generosity on women's fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …

Persistent link: https://www.econbiz.de/10012838238

Spillover Effects of Old-Age Pension Across Generations : Family Labor Supply and Child Outcomes

Kaufmann, Katja; Özdemir, Yasemin; Ye, Han - 2022

We study the impact of grandparental retirement decisions on family members’ labor supply and child outcomes by exploiting a Dutch pension reform in a fuzzy Regression Discontinuity design. A one-hour increase in grandmothers’ hours worked causes adult daughters with young children to work...

Persistent link: https://www.econbiz.de/10014081430

Should Pensions Be Progressive? Yes, at Least In Germany!

Fehr, Hans - 2011

Recent reforms that aim at reducing the upcoming burdens of population aging might seriously harm low income individuals. An increase in old-age poverty and disability will be the result. Under this prospect, the present paper quantitatively characterizes the optimal progressivity of unfunded...

Persistent link: https://www.econbiz.de/10013118355

Reference-Dependent Preferences, Time Inconsistency, and Unfunded Pensions

Andersen, Torben M. - 2020

In the real world, public pay-as-you-go pension (PAYG) schemes are popular and co-exist with private, retirement-saving schemes. This is true even in dynamically efficient economies where such pensions offer a lower return. The classic Aaron-Samuelson result argues that, in theory, this is...

Persistent link: https://www.econbiz.de/10012834875

Postponing Retirement and Social Security in a Two Sector Model

Sen, Partha - 2021

Pay-as-you-go (PAYG) social security schemes in the OECD countries are facing solvency problems, as people are living longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension, has been proposed as a solution. This effectively...

Persistent link: https://www.econbiz.de/10013314811

Inefficiency in Social Security Trust Funds Forecasts

Lahiri, Kajal; Zhang, Junyan; Zhao, Yongchen - 2021

We examine forecast accuracy and efficiency of the Social Security Administration’s projections for cost rate, trust fund balance, trust fund ratio made during 1980-2020 with horizons up to 95 years. We find that the reported deterioration in the accuracy of the forecasts during 2010’s has...

Persistent link: https://www.econbiz.de/10013313449

The tragedy of annuitization

Heijdra, Ben J.; Mierau, Jochen O.; Reijnders, Laurie S. M. - 2010

We construct a tractable discrete-time overlapping generations model of a closed economy and use it to study government redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a positive probability of passing away before...

Persistent link: https://www.econbiz.de/10010270647

Endogenous Longevity and Optimal Tax Progressivity

Heer, Burkhard; Rohrbacher, Stefan - 2021

We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...

Persistent link: https://www.econbiz.de/10013314957