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On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting

Abío, G.; Mahieu, Géraldine; Patxot, Concepció - 2003

fertility model that generates an endogenous demographic transition by means of distinguishing between female and male labor. We …

Persistent link: https://www.econbiz.de/10011402633

Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline

Fenge, Robert; Scheubel, Beatrice - 2013

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …

Persistent link: https://www.econbiz.de/10009792218

How sustainable are old-age pensions in a shrinking population with endogenous labour supply?

Cardoso, Pedro; Praag, Bernard M. S. van - 2003

In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...

Persistent link: https://www.econbiz.de/10011514183

Pension systems (un)sustainability and fiscal constraints : a comparative analysis

Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2023

run, particularly for rapidly ageing nations, but also entail non-negligible transitional costs. …

Persistent link: https://www.econbiz.de/10014292762

Old-age provision in transition : the case of Croatia

Werding, Martin; Primorac, Marko - 2016

future development under current rules. Building on lessons from recent pension theory, we also discuss options for further …

Persistent link: https://www.econbiz.de/10011429587

The mix between pay-as-you-go and funded pensions and what demography has to do with it

Praag, Bernard M. S. van; Cardoso, Pedro - 2003

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...

Persistent link: https://www.econbiz.de/10011514202

Age-specific entrepreneurship and PAYG public pensions in Germany

Heer, Burkhard; Trede, Mark - 2020

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...

Persistent link: https://www.econbiz.de/10012249285

Demography and provisions for retirement : the pension composition, a behavioral approach

Praag, Bernard M. S. van; Hop, J. Peter - 2020

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...

Persistent link: https://www.econbiz.de/10012154725

A case for partial funding of pensions with an application to the EU Candidate Countries

Oksanen, Heikki - 2001

The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on … inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and …

Persistent link: https://www.econbiz.de/10011398438

Intergenerational actuarial fairness when longevity increases : amending the retirement age

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

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by …

Persistent link: https://www.econbiz.de/10012668785