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pro vyhledávání: '"Torben M. Andersen"'
Autor:
Torben M. Andersen
Publikováno v:
SSRN Electronic Journal.
Autor:
Torben M. Andersen, Per Molander
Demographic change and increasingly international markets are putting severe pressure on developed welfare states in the OECD countries. The contributors to this book assess the magnitude of these challenges and discuss in depth, and in concrete term
Autor:
Marias H. Gestsson, Torben M. Andersen
Publikováno v:
Andersen, T M & Gestsson, M H 2022, ' Is full annuitization socially optimal? ', Journal of Economics/ Zeitschrift fur Nationalokonomie, vol. 135, no. 2, pp. 199-217 . https://doi.org/10.1007/s00712-021-00756-6
A seminal result Yaari holds that all pension savings should be in life-annuities. Annuities offer a higher return than standard assets and diversify mortality risk and therefore it is individually optimal to save in annuities only. This is a corners
Autor:
Torben M. Andersen
The Danish pension system is attracting international attention for its structure and outcomes. Notably it involves a transition towards a more funded pension system, it delivers high replacement rates, and it is financially robust. The main characte
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::dfdd0bd498235d56ded4cd227a37e354
https://doi.org/10.1093/oso/9780198867425.003.0002
https://doi.org/10.1093/oso/9780198867425.003.0002
Publikováno v:
The Danish Pension System ISBN: 0198867425
The interaction between public and private pensions involves some important features that risk undermining the support for the privately funded pension schemes and reduce pension contributions. On the one hand, because of means-testing of public pens
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::506dfd8033ad6cd647b00a2185f0f846
https://doi.org/10.1093/oso/9780198867425.003.0009
https://doi.org/10.1093/oso/9780198867425.003.0009
Publikováno v:
Andersen, T M, Bhattacharya, J & Liu, P 2023, ' Commitment and partial naïveté : Early withdrawal penalties on retirement accounts ', Journal of Mathematical Economics, vol. 106, 102844 . https://doi.org/10.1016/j.jmateco.2023.102844
We analyze a portfolio allocation problem in a standard model of conflict within temporal selves who suffer from partial naïveté – the current self holds a deterministic but possibly wrong perception (underestimation) about the present bias of he
Publikováno v:
Andersen, T M, Bhattacharya, J & Liu, Q 2021, ' Reference-dependent preferences, time inconsistency, and pay-as-you-go pensions ', Economic Inquiry, vol. 59, no. 3, pp. 1008-1030 . https://doi.org/10.1111/ecin.12972
The classic Aaron–Samuelson result argues that pay-as-you-go (PAYG) pension schemes cannot coexist with higher-return, private, retirement-saving schemes. The ensuing literature shows if agents voluntarily undersave for retirement due to myopia or
Publikováno v:
Andersen, T M & Ellermann-Aarslev, C 2022, ' Job Duration and history-dependent unemployment insurance ', Macroeconomic Dynamics, vol. 26, no. 6, pp. 1444-1482 . https://doi.org/10.1017/S1365100520000620
Unemployment insurance schemes typically include eligibility conditions depending on the employment history of the unemployed. The literature on the design of unemployment insurance schemes has largely ignored this aspect, perhaps due to the implied
Autor:
Torben M. Andersen, Steinar Holden, Seppo Honkapohja, Werner Eichhorst, Johannes Brunner, Gylfi Zoega, Lars Hultkrantz, Mikael Svensson, Caroline Hall, Inés Hardoy, Martin Lundin, Kristiina Huttunen, Hanna Pesola, Oskar Nordström Skans
This issue of the Nordic Economic Policy Review surveys the economic repercussions of the COVID-19 pandemic and the health and economic policies introduced to minimise its impact in the Nordic countries. Although national policies were broadly simila
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a2fa77d24c0c56805e8eeeedc0ced47a
http://urn.kb.se/resolve?urn=urn:nbn:se:norden:org:diva-12471
http://urn.kb.se/resolve?urn=urn:nbn:se:norden:org:diva-12471