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We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We …-scale overlapping-generations model that can replicate these findings. As an application, we compute the equilibrium effects of a reform … Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …
Persistent link: https://www.econbiz.de/10012827665
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We …-scale overlapping-generations model that can replicate these findings. As an application, we compute the equilibrium effects of a reform … Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …
Persistent link: https://www.econbiz.de/10012249285
How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...
Persistent link: https://www.econbiz.de/10009766250
pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s …
Persistent link: https://www.econbiz.de/10010484766
's 1999 notional defined-contribution pension reform in stabilizing this imbalance. Unlike many international counterparts …
Persistent link: https://www.econbiz.de/10014531985
In the traditional retirement scenario, individuals work full-time until a given age and then stop working abruptly. In the alternative partial retirement scenario, individuals work part-time for several years before they stop working. For the individual, partial retirement provides a smooth...
Persistent link: https://www.econbiz.de/10013072952
Societal inequalities – mainly, economic – are a topical subject. Given the dominance of large business corporations in the US and Canada, an important question is about corporations’ role in shaping the socioeconomic trends, including inequality. "Beyond Shareholder Value - A Framework...
Persistent link: https://www.econbiz.de/10013243172
The COVID-19 pandemic represents a massive global health crisis. Because the crisis requires large-scale behaviour change and places significant psychological burdens on individuals, insights from the social and behavioural sciences can be used to help align human behavior with the...
Persistent link: https://www.econbiz.de/10014079456
Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic policies. The debate about the policy options was hitherto constrained by the absence of general equilibrium analysis. This paper fills this gap by simulating their macroeconomic...
Persistent link: https://www.econbiz.de/10005263824
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/10011514183