Skip to content!

Publications of the Project: Family Ties and Household Behavior as Insurance against Health Risks and their Interaction with Public Insurance Mechanisms (Family Ties)

close
Go to page
remove add
8 results, from 1
Diskussionspapiere 1716 / 2017

Insurance, Redistribution, and the Inequality of Lifetime Income

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system offsets around half of the inequality ...

2017| Peter Haan, Daniel Kemptner, Victoria Prowse
Diskussionspapiere 1698 / 2017

The Rising Longevity Gap by Lifetime Earnings: Distributional Implications for the Pension System

This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is increasing across cohorts. For West German ...

2017| Peter Haan, Daniel Kemptner, Holger Lüthen
Diskussionspapiere 1639 / 2017

Effectiveness of Early Retirement Disincentives: Individual Welfare, Distributional and Fiscal Implications

In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...

2017| Timm Bönke, Daniel Kemptner, Holger Lüthen
Diskussionspapiere 1628 / 2016

The Role of Time Preferences in Educational Decision Making

We analyze the implication of time-inconsistent preferences in educational decision making and corresponding policies using a structural dynamic choice model. Based on a novel identification approach, we exploit variation in average years invested in degree attainment through various educational reforms to identify the discount factor of hyperbolic time preferences. We make two important research contributions. ...

2016| Daniel Kemptner, Songül Tolan
Diskussionspapiere 1320 / 2013

Health-Related Life Cycle Risks and Public Insurance

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance schemes. I rely on a dynamic programming ...

2013| Daniel Kemptner
SOEPpapers 583 / 2013

Health-Related Life Cycle Risks and Public Insurance

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance schemes. I rely on a dynamic programming ...

2013| Daniel Kemptner
Externe referierte Aufsätze

Effectiveness of Early Retirement Disincentives: Individual Welfare, Distributional and Fiscal Implications

In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...

In: Labour Economics 51 (2018), S. 25-37 | Timm Bönke, Daniel Kemptner, Holger Lüthen
Externe referierte Aufsätze

The Role of Time Preferences in Educational Decision Making

We analyze the implication of time-inconsistent preferences in educational decision making and corresponding policies using a structural dynamic choice model. We make two important research contributions. First, we estimate our model using data from the German Socioeconomic Panel (soep) and provide quantitative evidence for time-inconsistent behavior in educational decision making. Second, we evaluate ...

In: Economics of Education Review 67 (2018), S. 25-39 | Daniel Kemptner, Songül Tolan
8 results, from 1
keyboard_arrow_up