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Aging, Retirement and Pay-as-You-Go Pensions

Cipriani, Giam - 2016

In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level of capital. The effect on pension payouts is in general...

Persistent link: https://www.econbiz.de/10012989833

Population Ageing and PAYG Pensions in the OLG Model

Cipriani, Giam - 2013

This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity...

Persistent link: https://www.econbiz.de/10013087869

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's expansion of the pension system to rural workers, whose pension wealth subsequently more than tripled. Event study, difference-in-differences and instrumental variable methods...

Persistent link: https://www.econbiz.de/10012838499

Pension Policies in a Model with Endogenous Fertility

Cipriani, Giam - 2018

We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as...

Persistent link: https://www.econbiz.de/10012919500

Human Capital and Pensions with Endogenous Fertility and Retirement

Cipriani, Giam; Fioroni, Tamara - 2023

We study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of the planned economy is compared to the decentralized competitive equilibrium deriving optimal policies. We show that in the presence of a PAYG pension system, the optimal policy...

Persistent link: https://www.econbiz.de/10014356045

Efficiency Versus Insurance : Capital Income Taxation and Privatizing Social Security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10014084040

Endogenous Demographic Change, Retirement and Social Security

Cipriani, Giam - 2019

In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of...

Persistent link: https://www.econbiz.de/10012870250

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...

Persistent link: https://www.econbiz.de/10013021942

Job Creation in a Multi-Sector Labor Market Model for Developing Economies

Basu, Arnab K. - 2016

exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

Persistent link: https://www.econbiz.de/10012989832

Exploring the Causes of Frictional Wage Dispersion

Tjaden, Volker - 2012

duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. General …

Persistent link: https://www.econbiz.de/10013111209