This study uses Fehr, Jokisch, and Kotlikoff's (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world's demographic transition. The model features three regions – the U.S., Japan, and the EU-15 – and incorporates age- and...

The present paper compares the distributional and risk-sharing consequences of two pension reform proposals in Germany which both aim to improve the sustainability of the current system by introducing demographic variables to the benefit calculation. While the first reform proposes a so-called...

All countries in the European Union stand at the fore of a phenomenal demographic transition. Especially Germany will realize an enormous aging of its population. The reasons for this development are twofold: On the one hand, the number of elderly will more than double over the coming decades....

The present paper compares the distributional and risk-sharing consequences of two pension reform proposals in Germany which both aim to improve the sustainability of the current system by introducing demographic variables to the benefit calculation. While the first reform proposes a so-called...

All countries in the European Union stand at the fore of a phenomenal demographic transition. Especially Germany will realize an enormous aging of its population. The reasons for this development are twofold: On the one hand, the number of elderly will more than double over the coming decades....

This paper develops a three-region dynamic general-equilibrium life-cycle model to analyze general and skill-specific immigration policy in the U.S., Japan, and the E.U. Immigration is often offered as a solution to the remarkable demographic transition underway in the developed world. However,...

The present study quanti?es the revenue and distributional effects of various reform options for the German long-term care system. Starting from a baseline path of the economy which represents the existing public and private mixture of the German long-term care system, we either switch to a...

The present study quantifies the revenue, distributional and efficiency effects of various reform options for the German health care system. Starting from a baseline path of the economy which represents the existing public and private mixture of health care providers in the German health care...

This study uses Fehr, Jokisch, and Kotlikoff's (2004a) dynamic general equilibrium model to analyze the effects of changes in fertility and mortality on the developed world's demographic transition. The model features three regions - the U.S., Japan, and the EU-15 - and incorporates age- and...