Universität Wien
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040077 UK The Economic of Pensions (MA) (2017S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Wednesday 08.03. 16:45 - 18:15 Studierzone
  • Wednesday 15.03. 16:45 - 18:15 Studierzone
  • Wednesday 22.03. 16:45 - 18:15 Studierzone
  • Wednesday 29.03. 16:45 - 18:15 Studierzone
  • Wednesday 05.04. 16:45 - 18:15 Studierzone
  • Wednesday 26.04. 16:45 - 18:15 Studierzone
  • Wednesday 03.05. 16:45 - 18:15 Studierzone
  • Wednesday 10.05. 16:45 - 18:15 Studierzone
  • Wednesday 17.05. 16:45 - 18:15 Studierzone
  • Wednesday 24.05. 16:45 - 18:15 Studierzone
  • Wednesday 31.05. 16:45 - 18:15 Studierzone
  • Wednesday 07.06. 16:45 - 18:15 Studierzone
  • Wednesday 14.06. 16:45 - 18:15 Studierzone
  • Friday 23.06. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Issues of pensions and retirement are hotly debated in the public arena. Is the pension system stable or do we need further reforms? What is the impact of the demographic development? Should the pay-as-you-go system be substituted by a funded system? What could be done to increase the retirement age?
This course deals with these and with related issues of the economics of retirement from a theoretical, empirical and political perspective. First, we will study central models of the literature (the life-cycle model, the overlapping-generations model), discuss the implications of these models for savings behavior, labor supply and the retirement decision and compare the theoretical predictions with the results from empirical papers. Second, we also plan to cover topics related to risk-sharing and to questions of the intergenerational and intergenerational distribution of pension systems. Finally, the course will also give an overview of the workings, the past reforms and the future challenges of real-world pension systems, in particular of the Austrian and the Swedish system.

Assessment and permitted materials

There will be a midterm exam (40%), a final exam (45%) and some homework or short essay assignments (15%).

Minimum requirements and assessment criteria

Examination topics

Reading list

The reading list includes:
Heijdra, B. J. (2009), Foundations of Modern Macroeconomics, Oxford University Press (Chapters 16 and 17).
Barr, N. & Diamond, P. (2009), Pension Reform: A Short Guide, Oxford University Press.

Association in the course directory

Last modified: Mo 07.09.2020 15:28