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Who cares about the day after tomorrow? : pension issues when households are myopic or fime inconsistent

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte - 2017

Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...

Persistent link: https://www.econbiz.de/10011635567

Lehren aus den Rentenreformen seit 1972

Börsch-Supan, Axel - In: Wirtschaftsdienst / Sonderheft : … 95 (2015), pp. 16-21

Thanks to the reform process between 1992 and 2007, Germany was in a very good position to master demographic change … Germany exhibits only mediocre performance. A farsightedIf a demographicy strategy wants to be farsighted, its core cannot … Germany’s youth. …

Persistent link: https://www.econbiz.de/10010520343

Old Europe ages : can it still prosper?

Börsch-Supan, Axel; Ludwig, Alexander - 2009

countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …

Persistent link: https://www.econbiz.de/10003901593

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