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This paper focuses on comparing public and private individual wealth over the life-cycle, when individuals face an uncertain length of life. We also analyze how a fully funded and actuarially fair Social Security affects the desire to annuitize private wealth. Within this framework, we find that...
Persistent link: https://www.econbiz.de/10005456408
Dentro de las políticas activas de empleo, los programas de Orientación para el Empleo suponen actualmente -en términos de acciones- más de la mitad de las políticas puestas en marcha por los servicios públicos de empleo. Asimismo, los recursos económicos destinados a dichas medidas han...
Persistent link: https://www.econbiz.de/10005456410
Many studies specify human mortality patterns parametrically, with a parameter change affecting mortality rates at different ages simultaneously. Motivated by the stylized fact that a mortality decline affects primarily younger people in the early phase of mortality transition but mainly older...
Persistent link: https://www.econbiz.de/10010784104
Many studies specify human mortality patterns parametrically, with a parameter change affecting mortality rates at different ages simultaneously. Motivated by the stylized fact that a mortality decline affects primarily younger people in the early phase of mortalitytransition but mainly older...
Persistent link: https://www.econbiz.de/10011074523
Over coming decades, changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend...
Persistent link: https://www.econbiz.de/10011173295
Many studies specify human mortality patterns parametrically, with a parameter change affecting mortality rates at different ages simultaneously. Motivated by the stylized fact that a mortality decline affects primarily younger people in the early phase of mortality transition but mainly older...
Persistent link: https://www.econbiz.de/10009418578
Existing studies investigating the effect of mortality decline on retirement age usually specify the human mortality pattern in a parametric way and consider the derivative of optimal retirement age with respect to a change in the survival parameter. However, a survival parameter change affects...
Persistent link: https://www.econbiz.de/10009189926
Persistent link: https://www.econbiz.de/10008777339
Many studies specify human mortality patterns parametrically, with a parameter change affecting mortality rates at different ages simultaneously. Motivated by the stylized fact that a mortality decline affects primarily younger people in the early phase of mortality transition but mainly older...
Persistent link: https://www.econbiz.de/10010635085
Under quadratic transportation costs, the existence of the sequential first-locate-thenprice equilibrium in spatial competition is well known in the literature. In this paper, we find that the equilibrium may fail to exist under certain restrictions with respect to the location of firms and...
Persistent link: https://www.econbiz.de/10005405108