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Fisher, Walter H.; Heijdra, Ben J. - 2021

We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...

Persistent link: https://www.econbiz.de/10013316442

Retirement, Pensions, and Ageing

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2007

most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …

Persistent link: https://www.econbiz.de/10005094360

Funded and Unfunded Pension Schemes: Risk, Return and Welfare

Miles, David K. - CESifo - 2000

pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …

Persistent link: https://www.econbiz.de/10005181541

Maintaining One's Living Standard at Old Age: What Does that Mean? Evidence Using Panel Data from Germany

Dudel, Christian; Ott, Notburga; Werding, Martin - CESifo - 2013

How much retirement income is needed in order to maintain one’s living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis-à-vis income in the pre-retirement period....

Persistent link: https://www.econbiz.de/10010643338

Attitudes Towards Euro Area Reforms : Evidence from a Randomized Survey Experiment

Dolls, Mathias - 2018

We present the first evidence on public attitudes towards two prominent euro area reform proposals (European … of a randomized survey experiment in Germany. We find that there is a low willingness among German voters to accept …, cosmopolitanism, political preferences and income are important predictors of support for the reform proposals. We also show that …

Persistent link: https://www.econbiz.de/10012912428

Inherited Wealth and Demographic Aging

Onder, Harun - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10012985794

Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?

Dolls, Mathias - 2018

public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … direct way to increase public pensions, increase after receiving the letter …

Persistent link: https://www.econbiz.de/10012925277

Tax Incentives, Bequest Motives, and the Demand for Life Insurance : Evidence from Two Natural Experiments in Germany

Sauter, Nicolas - 2010

-insurance demand. An unanticipated tax reform in 2000 halved the tax exemption limit for capital income in Germany. We document that …

Persistent link: https://www.econbiz.de/10013143834

The Impact of Financial Education on Adolescents' Intertemporal Choices

Lührmann, Melanie - 2018

We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are...

Persistent link: https://www.econbiz.de/10012937819

Maintaining One's Living Standard at Old Age : What Does that Mean? Evidence Using Panel Data from Germany

Dudel, Christian - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis-à-vis income in the pre-retirement period. We...

Persistent link: https://www.econbiz.de/10013082346