Replication data for: Sharing Demographic Risk--Who Is Afraid of the Baby Bust?
Principal Investigator(s): View help for Principal Investigator(s) Alexander Ludwig; Michael Reiter
Version: View help for Version V1
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data | 10/13/2019 06:30:AM | ||
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LICENSE.txt | text/plain | 14.6 KB | 10/13/2019 02:33:AM |
README | text/plain | 1.5 KB | 10/13/2019 02:32:AM |
allbaby.m | text/plain | 3.1 KB | 10/13/2019 02:30:AM |
allgraphs.m | text/plain | 1.3 KB | 10/13/2019 02:32:AM |
allpol.m | text/plain | 457 bytes | 10/13/2019 02:33:AM |
allres.m | text/plain | 1.3 KB | 10/13/2019 02:32:AM |
analfert.m | text/plain | 407 bytes | 10/13/2019 02:30:AM |
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Project Citation:
Ludwig, Alexander, and Reiter, Michael. Replication data for: Sharing Demographic Risk--Who Is Afraid of the Baby Bust? Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114750V1
Project Description
Summary:
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We model the reaction of a PAYG pension system to demographic shocks. We compare the ex ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules. The model is calibrated to the German economy. We find that the German system comes relatively close to the second-best solution, and that the recent baby-boom/baby-bust cycle leads
to welfare losses of about 5 percent of lifetime consumption for some cohorts. We argue that it is crucial for all our results to correctly model the labor market distortions arising from the pension system. (JEL D91, E62, H55, J11)
Scope of Project
JEL Classification:
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D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
E62 Fiscal Policy
H55 Social Security and Public Pensions
J11 Demographic Trends, Macroeconomic Effects, and Forecasts
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
E62 Fiscal Policy
H55 Social Security and Public Pensions
J11 Demographic Trends, Macroeconomic Effects, and Forecasts
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