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The aging-inflation puzzle : on the interplay between aging, inflation and pension systems
Härtl, Klaus; Leite, Duarte - 2019 - This version: February 2019
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the … demographic change and inflation dynamics. We are the first to formally disentangle the two components of demographic change …: population size and structure, and determine how they separately affect inflation. We find that changes in population size are a …
Persistent link: https://www.econbiz.de/10012265487
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Endogenous retirement behavior of heterogeneous households under pension reforms
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011892406
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Endogenous retirement behavior of heterogeneous households under pension reforms
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
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The Aging-Inflation Puzzle : On the Interplay between Aging, Inflation and Pension Systems
Härtl, Klaus - 2018
Persistent link: https://www.econbiz.de/10012907409
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Preventing reforming unequally
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte N.; … - In: Journal of Population Economics 36 (2023) 4, pp. 2889-2924
Population aging has forced policy makers in most developed countries to reform pension systems with the aim of maintaining or re-establishing financial sustainability. This usually involves cost-cutting measures like later pension eligibility ages and lower replacement rates. Such reforms face...
Persistent link: https://www.econbiz.de/10015181979
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Chapter 13. Social Security and Public Insurance
Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
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European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
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Impact of Demographic Changes on Inflation and the Macroeconomy
Yoon, Jong-Won; Kim, Jinill; Lee, Jungjin - In: KDI Journal of Economic Policy 40 (2018) 1, pp. 1-30
variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and … investment, and fiscal balances, from an empirical perspective. Based on empirical findings—particularly regarding inflation …
Persistent link: https://www.econbiz.de/10012034825
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Developing Asia's pension systems and old-age income support
Park, Donghyun; Estrada, Gemma B. - 2012
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People's Republic of China, Indonesia, Republic...
Persistent link: https://www.econbiz.de/10010397317
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Developing Asia’s Pension Systems and Old-Age Income Support
Park, Donghyun; Estrada, Gemma - Asian Development Bank Institute, Asian Development Bank - 2012
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia,...
Persistent link: https://www.econbiz.de/10010840166