This paper evaluates the impact of the structural and cohesion funds received by Spain in the period 2007-2013. The analysis is performed with a detailed computable general equilibrium (CGE) model calibrated with a SAM for Spain in 2005 elaborated by the authors, which contains highly detailed...

This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions (DP) or old-age pensions (OAP), de-pending on...

Der Tagungsband zur Arbeitstagung 2004 des Finanzwissenschaftlichen Ausschusses zum Thema 'Haushaltsdisziplin und öffentliche Verschuldung' bietet in vier Beiträgen einen kompetenten Überblick über Erklärungsansätze für die angespannte Lage der öffentlichen Haushalte und über...

The present paper aims to quantify efficiency properties of real world social security systems of various institutional designs in order to identify an optimal pension design. Starting from a benchmark economy without social security, we introduce alternative pension systems and compare the...

This study uses Fehr, Jokisch, and Kotlikoff's (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world's demographic transition. The model features three regions – the U.S., Japan, and the EU-15 – and incorporates age- and...

The present paper aims to quantify the welfare effects of progressive pension arrangements in Germany. Starting from a purely contribution-related benefit system, we introduce basic allowances for contributions and a flat benefit fraction. Since our overlapping-generations model takes into...

The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit...