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How risky is the German pension system? : The volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over …-benefit policy. Based on the actual data, our results show the volatility of the internal rate of return to be significantly higher …. -- Risk ; internal rate of return ; sustainability …
Persistent link: https://www.econbiz.de/10009153133
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How risky is the German pension system? : the volatility of the internal rates of return
Heidler, Matthias (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10015204574
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How risky is the German pension system? : the volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
Persistent link: https://www.econbiz.de/10013439534
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How risky is the German pension system? : the volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
Persistent link: https://www.econbiz.de/10013268983
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How risky is the German pension system? The volatility of the internal rates of return
Heidler, Matthias; Raffelhüschen, Bernd - 2005
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over …-benefit policy. Based on the actual data, our resultsshow the volatility of the internal rate of return to be significantly …
Persistent link: https://www.econbiz.de/10010300850
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Second-best properties of implicit social security taxes : theory and empirical evidence
Fenge, Robert; Übelmesser, Silke; Werding, Martin - 2002
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order...
Persistent link: https://www.econbiz.de/10011410305
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Redistributive effects of the US pension system among individuals with different life expectancy
Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2017
We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium...
Persistent link: https://www.econbiz.de/10011620616
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The impact of reducing the pension generosity on inequality and schooling
Sánchez Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019
In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality. We develop an overlapping generations model in which individuals differ by their life expectancy and in the cost of attending schooling. Individuals optimally choose...
Persistent link: https://www.econbiz.de/10012126117
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Rates of Return and Early Retirement Disincentives : Evidence from a German Pension Reform
Lüthen, Holger - 2014
undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension …
Persistent link: https://www.econbiz.de/10013052317
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Rates of return and early retirement disincentives : evidence from a German pension reform
Lüthen, Holger - 2014
undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension …
Persistent link: https://www.econbiz.de/10010362261