Browsing Discussion papers (SAM) by Subject "social security"

Now showing items 1-6 of 6

    • Assessing the effects of early retirement programs 

      Bratberg, Espen; Holmås, Tor Helge; Thøgersen, Øystein (Discussion paper, Working paper, 2000-04)
      We investigate induced retirement effects of the Norwegian early retirement program ”AFP” and emphasize effects caused by relocations of some individuals from disability pension to AFP. Our theoretical model predicts ...

    • Designing social security : a portfolio choice approach 

      Matsen, Egil; Thøgersen, Øystein (Discussion paper, Working paper, 2001-10)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...

    • Intergenerational risk sharing by means of pay-as-you-go : an investigation of alternative mechanisms 

      Thøgersen, Øystein (Discussion paper, Working paper, 2006-06)
      A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks to individuals’ labor and capital income over the life cycle. By means of illuminating closed form solutions we demonstrate that the ...

    • Intergenerational risk sharing by means of pay-as-you-go programs : an investigation of alternative mechanisms 

      Thøgersen, Øystein (Discussion paper, Working paper, 2006-06)
      A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks to individuals’ labor and capital income over the life cycle. By means of illuminating closed form solutions we demonstrate that the ...

    • The risk sharing effects of social security and the stochastic properties of income growth 

      Thøgersen, Øystein (Discussion paper, Working paper, 2003-05)
      Time-series analyses suggest that income shocks are fairly persistent. This has implications for the intergenerational risk-sharing effects of pay-as-you- go (paygo) social security programs. By means of a simple stochastic ...

    • Social security reforms and early retirement 

      Fehr, Hans; Sterkeby, Wenche Irén; Thøgersen, Øystein (Discussion paper, Working paper, 2000-09)
      In order to stimulate labor market participation and improve the financial viability of the social security systems, many recent reform proposals in various OECD economies suggest to scale down the non-actuarial parts ...