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Like father, like son : inheriting and bequeathing
Kunze, Lars - 2012
Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the...
Persistent link: https://www.econbiz.de/10009579282
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Growth and the ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2008
both defined benefit and defined contribution schemes. -- relative consumption ; OLG ; endogenous growth ; pension reform …
Persistent link: https://www.econbiz.de/10009735354
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Growth and the ageing joneses
Fisher, Walter H.; Heijdra, Ben J. - 2008
Persistent link: https://www.econbiz.de/10003777617
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Optimal sharing of labor productivity risks and mix of pay-as-you-go and savings
Kusmerski Bilard, Debora - 2008
The paper addresses two related issues: the optimal intergenerational sharing of laborproductivity risks, through a Pay-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that partial contingency of the social security on...
Persistent link: https://www.econbiz.de/10011376622
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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10011339670
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Voting on pensions : a survey
De Walque, Gregory - 2004
The paper presents a non-exhaustive survey of the literature designed to explain emergence, size and political sustainability of pay-as-you-go pension systems. It proposes a simple framework of analysis (a small open two overlapping generation economy model), around which some variants are...
Persistent link: https://www.econbiz.de/10011625690
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Growth and the Ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2021
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10013316442
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Pension Reform, Retirement and Life-Cycle Unemployment
Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - 2021
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions … demonstrate the economic and welfare impact of recent pension reform in Austria …
Persistent link: https://www.econbiz.de/10013316657
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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward E. - 2021
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10013318950
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How Sustainable are Old-Age Pensions in a Shrinking Population with Endogenous Labour Supply?
Cardoso, Pedro; Praag, Bernard M. S. van - 2021
equilibrium involving an old-age pensions system, partly financed by PAYG and partly by a capital reserve system, and what will be …
Persistent link: https://www.econbiz.de/10013320072