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  1. The political economy of intra- and intergenerational redistribution with asymmetric information
  2. Social security and redistribution within generations in an overlapping generations model
    Autor*in: Lorz, Oliver
    Erschienen: 1999
    Verlag:  Inst. of World Economics, Kiel

  3. Intergenerational redistribution with asymmetric information
    the case of non-observable savings
    Autor*in: Lorz, Oliver
    Erschienen: 1999
    Verlag:  Inst. of World Economics, Kiel

  4. Pollution, children's health and the evolution of human capital inequality
    Erschienen: [2021]
    Verlag:  Érudite laboratoire d'économie Paris-Est, [Marne-la-Vallée]

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    Schriftenreihe: Series of ERUDITE working papers ; no 2021, 02
    Schlagworte: Pollution; Health; Human capital; Childhood; Overlapping generations; Inequality
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  5. Redistributive effects of pension reforms
    who are the winners and losers?
    Erschienen: [2021]
    Verlag:  Research Unit in Economics, Institute of Statistics and Mathematical Methods in Economics, TU Wien, [Wien]

    As the heterogeneity in life expectancy by socioeconomic status increases, pension systems become more regressive implying wealth transfers from short to long lived individuals. Various pension reforms aim to reduce these inequalities that are caused... mehr

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    As the heterogeneity in life expectancy by socioeconomic status increases, pension systems become more regressive implying wealth transfers from short to long lived individuals. Various pension reforms aim to reduce these inequalities that are caused by ex-ante differences in life expectancy. However, these pension reforms may themselves induce redistribution effects since a) life expectancy is not perfectly correlated to socioeconomic status and b) pension reforms themselves will have an impact on life cycle decisions (education, consumption, health, labor supply) and ultimately also on life expectancy and the composition of the population. To account for these feedback effects of pension reforms in heterogenous aging societies we propose an OLG framework that is populated by heterogeneous individuals that initially differ by their learning ability and disutility from the effort of attending schooling. These initial heterogeneities imply differences in ex ante life expectancies. Within this framework we study two pension reforms that aim to account for these differences in ex ante life expectancies. We show that by including the feedback of pension reforms on individual behavior, new redistributions may result.

     

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    Weitere Identifier:
    hdl: 10419/236204
    Auflage/Ausgabe: [Rev.]
    Schriftenreihe: ECON WPS - working papers in economic theory and policy ; no. 2021, 06 (May 2021)
    Schlagworte: Overlapping generations; Mortality and fertility differentials; Inequality; Life cycle; Pensions; Progressivity
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  6. Pollution, children's health and the evolution of human capital inequality
    Erschienen: [2020]
    Verlag:  CEE-M, Center for Environmental Economics, Montpellier

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    Schriftenreihe: CEE-M working paper ; 2020, 15
    Schlagworte: Health; Human capital; Childhood; Overlapping generations; Inequality
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  7. Job rotation or specialization
    a dynamic matching model analysis
    Erschienen: 17 December, 2020
    Verlag:  Institute for Economic Studies, Keio University, Tokyo, Japan

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    Schriftenreihe: KEIO-IES discussion paper series ; DP2020, 026 (17 December, 2020)
    Schlagworte: Job assignment; Overlapping generations; Rotation; Specialization
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  8. Incidence of capital income taxation in a lifecycle economy with firm heterogeneity
    Erschienen: [2020]
    Verlag:  CEPAR, ARC Centre of Excellence in Population Ageing Research, [Kensington, NSW]

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    Schriftenreihe: Working paper / CEPAR, ARC Centre of Excellence in Population Ageing Research ; 2020, 29
    Schlagworte: Excess burden; Tax incidence; Distributional effects; Overlapping generations; Dynamic general equilibrium
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  9. Necessary and sufficient conditions for determinacy of asymptotically stationary equilibria in OLG models
    Erschienen: June 18, 2019
    Verlag:  Cowles Foundation for Research in Economics, Yale University, New Haven, Connecticut

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    Schriftenreihe: Cowles Foundation discussion paper ; no. 2179 (May 2019)
    Schlagworte: Overlapping generations; Implicit function theorem; Determinacy; Time-invariance; Comparative statics
    Umfang: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  10. Why do Americans spend so much more on health care than Europeans?
    Erschienen: February 7, 2019
    Verlag:  Vanderbilt University, Department of Economics, Nashville, TN

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    Medientyp: Buch (Monographie)
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    Auflage/Ausgabe: Revised
    Schriftenreihe: Vanderbilt University Department of Economics working papers ; 19, 00008
    Schlagworte: Macro-health; Taxation; Relative health care price; Health care expenditure; Time allocation; Life cycle; Overlapping generations
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  11. Dividend imputation, investment and capital accumulation in open economies
    Erschienen: March 2022
    Verlag:  Australian National University, [Canberra]

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    Sprache: Englisch
    Medientyp: Ebook
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    ISBN: 0868316873
    Schriftenreihe: ANU working papers in economics and econometrics ; # 687
    Schlagworte: Double taxation; Franking tax credit; Fiscal policy; Firm heterogeneity; Overlapping generations; Open economy; Dynamic general equilibrium; Welfare
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  12. Democratic climate policies with overlapping generations
    Erschienen: [2022]
    Verlag:  CER-ETH - Center of Economic Research at ETH Zurich, Zürich

    An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the... mehr

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    An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the present paper provides policy recommendations that are able to go through democratic processes. I develop an overlapping generation model with political process micro-foundations. I analyze how democratic policies, which are directly and indirectly related to climate change, differ from standard recommended policies. The novel politico-economic formula derived for the interest rate highlights that individual pure time preference, individual altruism toward descendants, and young generation political power are key determinants of democratic climate policy ambition.

     

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    Weitere Identifier:
    hdl: 10419/264593
    Schriftenreihe: Working paper / CER-ETH - Center of Economic Research at ETH Zurich ; 22, 374 (August 2022)
    Schlagworte: Climate change; Discounting; Externality; Overlapping generations; Political economy
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  13. Redistributive effects of pension reforms
    who are the winners andlosers?
    Erschienen: [2021]
    Verlag:  Research Unit in Economics, Institute of Statistics and Mathematical Methods in Economics, TU Wien, [Wien]

    As the heterogeneity in life expectancy by socioeconomic status increases, pension systemsbecome more regressive implying wealth transfers from short to long lived individuals. Variouspension reforms aim to reduce these inequalities that are caused... mehr

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    As the heterogeneity in life expectancy by socioeconomic status increases, pension systemsbecome more regressive implying wealth transfers from short to long lived individuals. Variouspension reforms aim to reduce these inequalities that are caused by ex-ante differences in lifeexpectancy. However, these pension reforms may themselves induce redistribution effects sincea) life expectancy is not perfectly correlated to socioeconomic status and b) pension reformsthemselves will have an impact on life cycle decisions (education, consumption, health, laborsupply) and ultimately also on life expectancy and the composition of the population. To accountfor these feedback effects of pension reforms in heterogenous aging societies we propose an OLGframework that is populated by heterogeneous individuals that initially differ by their learningability and disutility from the effort of attending schooling. These initial heterogeneities implydifferences in ex ante life expectancies. Within this framework we study two pension reformsthat aim to account for these differences in ex ante life expectancies. We show that by includingthe feedback of pension reforms on individual behavior, new redistributions may result.

     

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    Sprache: Englisch
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    Weitere Identifier:
    hdl: 10419/233978
    Schriftenreihe: ECON WPS - working papers in economic theory and policy ; no. 2021, 06 (May 2021)
    Schlagworte: Overlapping generations; Mortality and fertility differentials; Inequality; Life cycle; Pensions; Progressivity
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
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    Datei gelöscht auf Wunsch der Autoren

  14. Homeownership rates, housing policies, and co-residence decisions
    Erschienen: [2023]
    Verlag:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, [Frankfurt am Main]

    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to... mehr

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    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to capture the three-way trade-off between owning, renting, and co-residing. Calibrating the model to Germany we explore the role of income profiles, housing policies, and the taste for independence and show that a combination of these factors goes a long way in explaining the differential life-cycle patterns of living arrangements between the two countries.

     

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    Weitere Identifier:
    hdl: 10419/273559
    Schriftenreihe: SAFE working paper ; no. 396 (July 2023)
    Schlagworte: Homeownership; Co-residence; Overlapping generations
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  15. Dividend imputation, investment and capital accumulation in open economies
    Erschienen: [2022]
    Verlag:  CEPAR, ARC Centre of Excellence in Population Ageing Research, [Kensington, NSW]

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    Schriftenreihe: Working paper / CEPAR, ARC Centre of Excellence in Population Ageing Research ; 2022, 05
    Schlagworte: Double taxation; Franking tax credit; Fiscal policy; Firm heterogeneity; Overlapping generations; Open economy; Dynamic general equilibrium; Welfare
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  16. Homeownership rates, housing policies, and co-residence decisions
    Erschienen: [2023]
    Verlag:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to... mehr

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    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to capture the three-way trade-off between owning, renting, and co-residing. Calibrating the model to Germany we explore the role of income profiles, housing policies, and the taste for independence and show that a combination of these factors goes a long way in explaining the differential life-cycle patterns of living arrangements between the two countries.

     

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    Weitere Identifier:
    hdl: 10419/277728
    Schriftenreihe: Discussion paper / ZEW ; no. 23, 034 (09/2023)
    Schlagworte: Homeownership; Co-residence; Overlapping generations
    Umfang: 1 Online-Ressource (28 Seiten), Illustrationen
  17. Homeownership rates, housing policies, and co-residence decisions
    Erschienen: [2023]
    Verlag:  [International Center for Insurance Regulation, Goethe Universität Frankfurt am Main], [Frankfurt am Main]

    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to... mehr

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    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to capture the three-way trade-off between owning, renting, and co-residing. Calibrating the model to Germany we explore the role of income profiles, housing policies, and the taste for independence and show that a combination of these factors goes a long way in explaining the differential life-cycle patterns of living arrangements between the two countries.

     

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    Weitere Identifier:
    hdl: 10419/273558
    Schriftenreihe: [Working paper series] / [International Center for Insurance Regulation, Goethe Universität Frankfurt am Main] ; [no. 51]
    Schlagworte: Homeownership; Co-residence; Overlapping generations
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  18. Homeownership rates, housing policies, and co‐residence decisions
    Erschienen: [2023]
    Verlag:  Netspar, Network for Studies on Pensions, Aging and Retirement, [Tilburg]

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    Schriftenreihe: Array ; 2023, 037 (07)
    Schlagworte: Homeownership; Co-residence; Overlapping generations
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  19. Homeownership rates, housing policies, and co-residence decision
    Erschienen: [2023]
    Verlag:  Research Unit in Economics, Institute of Statistics and Mathematical Methods in Economics, TU Wien, [Wien]

    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to... mehr

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    Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to capture the three-way trade-off between owning, renting, and co-residing. Calibrating the model to Germany we explore the role of income profiles, housing policies, and the taste for independence and show that a combination of these factors goes a long way in explaining the differential life-cycle patterns of living arrangements between the two countries.

     

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    Weitere Identifier:
    hdl: 10419/273530
    Schriftenreihe: ECON WPS - working papers in economic theory and policy ; no. 2023, 01 (July 2023)
    Schlagworte: Homeownership; Co-residence; Overlapping generations
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  20. Job ladder and wealth dynamics in general equilibrium
    Erschienen: [2023]
    Verlag:  Research Unit in Economics, Institute of Statistics and Mathematical Methods in Economics, TU Wien, [Wien]

    This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in... mehr

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    This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a good fit to the empirical age profiles of search activity, job-finding rates, wages and savings, so that we use the model to examine the role of age and wealth for worker flows and for the consequences of job loss. We further analyze the impact of unemployment insurance and progressive taxation for labor market dynamics and aggregate economic activity via capital, employment and labor efficiency channels. Lower unemployment benefits or a less progressive tax schedule bring about welfare losses for a newborn worker household.

     

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    Weitere Identifier:
    hdl: 10419/280694
    Schriftenreihe: ECON WPS - working papers in economic theory and policy ; no. 2023, 03 (December 2023)
    Schlagworte: Search and matching; Job-to-job transitions; Incomplete markets; Overlapping generations; Wealth accumulation
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  21. Nonlinear means-tested pensions
    welfare and distributional analyses
    Erschienen: [2023]
    Verlag:  CEPAR, ARC Centre of Excellence in Population Ageing Research, [Kensington, NSW]

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    Schriftenreihe: Working paper / CEPAR, ARC Centre of Excellence in Population Ageing Research ; 2023, 05
    Schlagworte: Population aging; Sustainability; Social security; Means testing; Redistribution; Overlapping generations; Dynamic general equilibrium
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  22. LOLA 3.0
    Luxembourg overlapping generation model for policy analysis : introduction of a financial sector in LOLA
    Erschienen: November 2015
    Verlag:  Banque centrale du Luxembourg, Luxembourg

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    Schriftenreihe: Working paper / Banque centrale du Luxembourg ; no 100
    Schlagworte: Overlapping generations; Long-run projections; Financial sector; Luxembourg
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  23. Investment horizons and price indeterminacy in financial markets
    Erschienen: 2015
    Verlag:  Cowles Foundation for Research in Economics, Yale Univ., New Haven, Conn.

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    Schriftenreihe: Cowles Foundation discussion paper ; 2001
    Schlagworte: Experimental finance; Short-horizon investors; Rational expectations; Price efficiency; Overlapping generations
    Umfang: Online-Ressource (56 S.), graph. Darst.