Alexander Ludwig

Leibniz Institute for Financial Research SAFE

(http://www.safe-frankfurt.de)

Theodor-W.-Adorno-Platz 3

Frankfurt am Main, 60323

Germany

University of Cologne - Faculty of Management, Economics and Social Sciences

Albertus-Magnus-Platz

Cologne, D-50923

Germany

http://www.wiso.uni-koeln.de/cmr/alexludwig

SCHOLARLY PAPERS

38

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Scholarly Papers (38)

Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security

SAFE Working Paper No. 59
Number of pages: 80 Posted: 11 Jul 2014 Last Revised: 05 Dec 2017
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 223 (152,548)
Citation 2

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social security; idiosyncratic risk; aggregate risk; welfare

Social Security and the Interactions between Aggregate and Idiosyncratic Risk

Number of pages: 67 Posted: 27 Mar 2014
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 86 (326,678)
Citation 2

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social security, idiosyncratic risk, aggregate risk, welfare

Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security

ZEW - Centre for European Economic Research Discussion Paper No. 18-016
Number of pages: 79 Posted: 18 Apr 2018
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 44 (461,734)
Citation 4

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social security; idiosyncratic risk; aggregate risk; welfare

Social Security and the Interactions between Aggregate and Idiosyncratic Risk

Number of pages: 65 Posted: 27 Mar 2014
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 26 (555,296)
Citation 2

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social security, idiosyncratic risk, aggregate risk, welfare

Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security

International Economic Review, Vol. 60, Issue 2, pp. 661-692, 2019
Number of pages: 32 Posted: 22 May 2019
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
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Citation 3
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2.

The Impact of Changes in Stock Prices and House Prices on Consumption in OECD Countries

IMF Working Paper No. 02/1
Number of pages: 37 Posted: 30 Jan 2006
Alexander Ludwig and Torsten Sløk
Leibniz Institute for Financial Research SAFE and Deutsche Bank, New York
Downloads 367 (90,376)
Citation 6

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Consumption, wealth effect, panel cointegration, asset prices

Demographic Change, Human Capital and Endogenous Growth

Number of pages: 50 Posted: 13 Aug 2007
Alexander Ludwig, Thomas Schelkle and Edgar Vogel
Leibniz Institute for Financial Research SAFE, London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 185 (181,731)
Citation 5

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population aging, human capital, endogenous growth, heterogenous agents, welfare

Demographic Change, Human Capital and Endogenous Growth

MEA Discussion Paper No. 151-07
Number of pages: 52 Posted: 06 Aug 2009
Alexander Ludwig, Thomas Schelkle and Edgar Vogel
Leibniz Institute for Financial Research SAFE, London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 70 (369,025)
Citation 5

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population aging, human capital, endogenous growth, heterogenous agents, distribution of welfare

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

SAFE Working Paper No. 82
Number of pages: 47 Posted: 22 Jan 2015
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Leibniz Institute for Financial Research SAFE and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 104 (288,440)
Citation 4

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population aging, human capital, welfare, pension reform, retirement age, open economy

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

ECB Working Paper No. 1476
Number of pages: 58 Posted: 25 Sep 2012
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Leibniz Institute for Financial Research SAFE and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 93 (310,763)

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population aging, human capital, welfare, pension reform, retirement age, open economy

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

MEA Discussion Paper No. 257-2012
Number of pages: 55 Posted: 21 Sep 2012
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Leibniz Institute for Financial Research SAFE and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 42 (470,529)
Citation 3

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population aging, human capital, welfare, pension reform, retirement age, open economy

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

NBER Working Paper No. w18856
Number of pages: 43 Posted: 01 Mar 2013
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Leibniz Institute for Financial Research SAFE and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 12 (656,509)
Citation 1

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Citation 4

A Life-Cycle Model with Ambiguous Survival Beliefs

SAFE Working Paper No. 73
Number of pages: 60 Posted: 29 Oct 2014 Last Revised: 13 Oct 2015
Max Groneck, Alexander Ludwig and Alexander Zimper
Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 126 (250,582)
Citation 3

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Bayesian learning, likelihood insensitivity, ambiguity, Choquet expected utility, dynamic inconsistency, life-cycle hypothesis, saving puzzles

A Life-Cycle Model with Ambiguous Survival Beliefs

Netspar Discussion Paper No. 03/2011-044
Number of pages: 53 Posted: 11 Jun 2011 Last Revised: 15 Jul 2013
Max Groneck, Alexander Ludwig and Alexander Zimper
Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 65 (384,172)
Citation 4

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Ambiguity, dynamic inconsistency, life-cycle hypothesis, subjective survival rates

Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk

SAFE Working Paper No. 71
Number of pages: 35 Posted: 29 Oct 2014 Last Revised: 16 Apr 2015
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 120 (260,147)

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social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out

Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk

CER-ETH – Center of Economic Research at ETH Zurich Working Paper 14/204
Number of pages: 43 Posted: 27 Sep 2014
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 27 (548,909)

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social security; idiosyncratic risk; aggregate risk; welfare; insurance; crowding out

Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk.

Max Planck Institute for Social Law and Social Policy Discussion Paper No. 290-14
Number of pages: 40 Posted: 21 Oct 2014
Daniel Harenberg and Alexander Ludwig
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich and Leibniz Institute for Financial Research SAFE
Downloads 21 (589,657)

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social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out

Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results

SAFE Working Paper No. 145
Number of pages: 41 Posted: 28 Sep 2016
Christian Geppert, Alexander Ludwig and Raphael Abiry
Organization for Economic Co-Operation and Development (OECD) - Directorate for Employment, Labour and Social Affairs (ELS), Leibniz Institute for Financial Research SAFE and ZEW – Leibniz Centre for European Economic Research
Downloads 112 (273,609)
Citation 2

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secular stagnation, demographic change, overlapping generations, natural rate, equity premium, growth, welfare, human capital

Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results

Max Planck Institute for Social Law and Social Policy Discussion Paper No. 05-2016
Number of pages: 40 Posted: 05 Oct 2016
Christian Geppert, Alexander Ludwig and Raphael Abiry
Organization for Economic Co-Operation and Development (OECD) - Directorate for Employment, Labour and Social Affairs (ELS), Leibniz Institute for Financial Research SAFE and ZEW – Leibniz Centre for European Economic Research
Downloads 49 (440,917)

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secular stagnation, demographic change, overlapping generations, natural rate, equity premium, growth, welfare, human capital

8.

Demographic Change, Human Capital and Welfare

MEA Discussion Paper No. 196-2010
Number of pages: 56 Posted: 27 Jan 2010
Alexander Ludwig, Thomas Schelkle and Edgar Vogel
Leibniz Institute for Financial Research SAFE, London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 151 (216,419)
Citation 9

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population aging, human capital, rate of return, distribution of welfare

The Long-Term Distributional and Welfare Effects of Covid-19 School Closures

SAFE Working Paper No. 290
Number of pages: 55 Posted: 21 Sep 2020
Goethe University Frankfurt, Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt and University of Pennsylvania
Downloads 107 (282,628)

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Covid-19, school closures, inequality, intergenerational persistence

The Long-Term Distributional and Welfare Effects of COVID-19 School Closures

NBER Working Paper No. w27773
Number of pages: 54 Posted: 14 Sep 2020
Goethe University Frankfurt, University of Pennsylvania, Leibniz Institute for Financial Research SAFE and Goethe University Frankfurt
Downloads 18 (611,320)

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The Long-Term Distributional and Welfare Effects of Covid-19 School Closures

ZEW - Centre for European Economic Research Discussion Paper No. 20-045
Number of pages: 55 Posted: 23 Sep 2020
Goethe University Frankfurt, University of Pennsylvania, Leibniz Institute for Financial Research SAFE and Goethe University Frankfurt
Downloads 11 (664,320)

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Covid-19, school closures, inequality, intergenerational persistence

The Long-Term Distributional and Welfare Effects of COVID-19 School Closures

CEPR Discussion Paper No. DP15227
Number of pages: 56 Posted: 12 Sep 2020
Goethe University Frankfurt, University of Pennsylvania, Leibniz Institute for Financial Research SAFE and Goethe University Frankfurt
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COVID-19, inequality, Intergenerational Persistence, School Closures

10.

Who Saves More, the Naive or the Sophisticated Agent?

SAFE Working Paper No. 169
Number of pages: 56 Posted: 31 Mar 2017 Last Revised: 16 Oct 2019
Max Groneck, Alexander Ludwig and Alexander Zimper
Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 115 (267,132)

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Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency

11.

Aging and International Capital Flows

NBER Working Paper No. w8553
Number of pages: 31 Posted: 18 Oct 2001 Last Revised: 19 Mar 2002
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Leibniz Institute for Financial Research SAFE and Ludwig Maximilian University of Munich (LMU)
Downloads 113 (270,523)
Citation 1

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12.

Mortality, Fertility, Education and Capital Accumulation in a Simple OLG Economy

MEA Discussion Paper No. 179-2009
Number of pages: 38 Posted: 04 Aug 2009
Alexander Ludwig and Edgar Vogel
Leibniz Institute for Financial Research SAFE and Deutsche Bundesbank
Downloads 103 (288,546)
Citation 6

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Mortality, Fertility, Aging, Education, OLG

Sharing Demographic Risk - Who is Afraid of the Baby Bust?

CESifo Working Paper Series No. 2422
Number of pages: 47 Posted: 21 Aug 2008
Alexander Ludwig and Michael Reiter
Leibniz Institute for Financial Research SAFE and Institute for Advanced Studies (IHS)
Downloads 78 (346,785)

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social security, pension design, optimal fiscal policy, demographic uncertainty

Sharing Demographic Risk: Who is Afraid of the Baby Bust?

MEA Discussion Paper No. 166-2008
Number of pages: 44 Posted: 05 Aug 2009 Last Revised: 22 Oct 2009
Alexander Ludwig and Michael Reiter
Leibniz Institute for Financial Research SAFE and Institute for Advanced Studies (IHS)
Downloads 18 (611,320)
Citation 9

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social security, pension design, optimal fiscal policy, demographic uncertainty

Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods

SAFE Working Paper No. 72
Number of pages: 37 Posted: 29 Oct 2014 Last Revised: 02 May 2016
Alexander Ludwig and Matthias Schoen
Leibniz Institute for Financial Research SAFE and University of Cologne
Downloads 83 (334,007)
Citation 6

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Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation

Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods

Max Planck Institute for Social Law and Social Policy Discussion Paper No. 274-13
Number of pages: 34 Posted: 21 Oct 2014
Alexander Ludwig and Matthias Schoen
Leibniz Institute for Financial Research SAFE and University of Cologne
Downloads 9 (679,917)
Citation 3

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Dynamic Models, Numerical Solution, Endogenous Gridpoints Method, Delaunay Interpolation

15.

On the Optimal Provision of Social Insurance

SAFE Working Paper No. 110
Number of pages: 83 Posted: 26 Jun 2015 Last Revised: 17 Nov 2015
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 89 (317,031)

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Progressive Taxation, Education Subsidy, Transitional Dynamics

Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk

SAFE Working Paper No. 201
Number of pages: 97 Posted: 20 Feb 2018 Last Revised: 26 Aug 2019
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 31 (525,025)

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Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality

Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk

PIER Working Paper No. 18-004
Number of pages: 80 Posted: 26 Feb 2018
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 31 (525,025)
Citation 1

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Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality

Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk (Optimale Kapitalsteuern im OLG-Modell mit nicht versicherbarem idiosynkratischen Einkommensrisiko)

MEA Discussion Paper No. 02-2018
Number of pages: 96 Posted: 07 Mar 2018 Last Revised: 10 Oct 2019
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 10 (672,010)
Citation 2

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Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality

Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk

ZEW - Centre for European Economic Research Discussion Paper No. 18-014
Number of pages: 81 Posted: 18 Apr 2018
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 8 (687,760)

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Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality

Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk

NBER Working Paper No. w24335
Number of pages: 80 Posted: 21 Feb 2018
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 6 (703,652)
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Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk

CEPR Discussion Paper No. DP12717
Number of pages: 82 Posted: 20 Feb 2018
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
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Idiosyncratic Risk, Overlapping Generations, precautionary saving, Taxation of Capital

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

SAFE Working Paper No. 221
Number of pages: 52 Posted: 31 Aug 2018
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Max Planck Institute for Social Law and Social Policy and Leibniz Institute for Financial Research SAFE
Downloads 43 (466,164)

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Population aging, pension reform, social security, life-cycle behavior, labor supply, retirement age, welfare

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

MEA Discussion Paper No. 04-2018
Number of pages: 52 Posted: 08 May 2018
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Max Planck Institute for Social Law and Social Policy and Leibniz Institute for Financial Research SAFE
Downloads 33 (514,098)

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Population aging, pension reform, social security, life-cycle behavior, labor supply, retirement age, welfare

Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs

SAFE Working Paper No. 200
Number of pages: 55 Posted: 20 Feb 2018 Last Revised: 27 Mar 2020
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 56 (414,776)

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Subjective Survival Beliefs, Probability Weighting Function, Con

Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs

ZEW - Centre for European Economic Research Discussion Paper No. 18-015
Number of pages: 60 Posted: 18 Apr 2018
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 11 (664,320)
Citation 1

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Subjective Survival Beliefs, Probability Weighting Function, Confirmatory Bias, Cognition, Optimism

Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs

MEA Discussion Paper No. 01-2018
Number of pages: 61 Posted: 07 Mar 2018 Last Revised: 26 Jul 2018
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 8 (687,760)

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Subjective Survival Beliefs, Probability Weighting Function, Confirmatory Bias, Cognition, Pessimism

Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs

CEPR Discussion Paper No. DP14539
Number of pages: 56 Posted: 08 May 2020 Last Revised: 18 May 2020
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Leibniz Institute for Financial Research SAFE and University of Pretoria
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Cognition, Con rmatory Bias, Optimism, Pessimism, Probability Weighting Function, Subjective Survival Beliefs

19.

Aging in Europe: Reforms, International Diversification and Behavioral Reactions

Max Planck Institute for Social Law and Social Policy Discussion Paper No. 25-2014
Number of pages: 14 Posted: 22 Sep 2015
Axel H. Börsch-Supan, Klaus Härtl and Alexander Ludwig
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Leibniz Institute for Financial Research SAFE
Downloads 72 (359,348)
Citation 4

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aging, pension reform, labor market reform, labor supply reactions

20.

Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation

MEA Discussion Paper No. 267
Posted: 17 May 2013
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 60 (394,927)
Citation 3

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Progressive Taxation, Capital Taxation, Optimal Taxation

Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model

NBER Working Paper No. w11850
Number of pages: 44 Posted: 04 Apr 2006 Last Revised: 03 May 2006
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Leibniz Institute for Financial Research SAFE and Ludwig Maximilian University of Munich (LMU)
Downloads 50 (437,001)
Citation 5

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Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model

MEA Discussion Paper No. 64-04
Posted: 28 Jul 2005
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Ludwig Maximilian University of Munich (LMU) and Leibniz Institute for Financial Research SAFE

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aging, pension reform, capital mobility

22.

Attitude Polarization

MEA Discussion Paper No. 155-07
Number of pages: 23 Posted: 06 Aug 2009
Alexander Zimper and Alexander Ludwig
University of Pretoria and Leibniz Institute for Financial Research SAFE
Downloads 46 (444,869)

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Non-additive Probability Measures, Choquet Expected Utility Theory, Bayesian Learning, Bounded Rationality

23.

Aging and Pension Reform in a Two-Region World: The Role of Human Capital

MEA Discussion Paper No. 246-11
Number of pages: 51 Posted: 01 Mar 2012 Last Revised: 19 Apr 2012
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Leibniz Institute for Financial Research SAFE and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 43 (457,053)

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population aging, human capital, rate of return, distribution of welfare

24.

Biased Bayesian Learning and the Risk-Free Rate Puzzle

MEA Discussion Paper No. 191-2009
Number of pages: 43 Posted: 11 Jan 2010
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 42 (461,198)
Citation 1

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behavioral macroeconomics, bounded rationality, consumption based asset pricing, risk free rate puzzle, ambiguity, Bayesian learning

25.

A Parsimonious Model of Subjective Life Expectancy

MEA Discussion Paper No. 154-07
Number of pages: 35 Posted: 06 Aug 2009
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 39 (474,095)
Citation 8

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subjective survival expectations; ambiguity, Bayesian learning

26.
Downloads 34 (496,992)
Citation 6

Higher-Order Income Risk over the Business Cycle

SAFE Working Paper No. 274
Number of pages: 86 Posted: 27 Mar 2020 Last Revised: 08 Sep 2020
Christopher Busch and Alexander Ludwig
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics) and Leibniz Institute for Financial Research SAFE
Downloads 32 (519,584)
Citation 4

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Labor Income Risk, Business Cycle, GMM Estimation, Skewness, Persistent and Transitory Income Shocks, Risk Attitudes, Life-Cycle Model

Higher-Order Income Risk over the Business Cycle

ZEW - Centre for European Economic Research Discussion Paper No. 20-022
Number of pages: 83 Posted: 18 May 2020
Christopher Busch and Alexander Ludwig
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics) and Leibniz Institute for Financial Research SAFE
Downloads 2 (740,785)
Citation 2

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Labor Income Risk, Business Cycle, GMM Estimation, Skewness, Persistent and Transitory Income Shocks, Risk Attitudes, Life-Cycle Model

Higher-Order Income Risk Over the Business Cycle

CEPR Discussion Paper No. DP14538
Number of pages: 87 Posted: 08 May 2020
Christopher Busch and Alexander Ludwig
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics) and Leibniz Institute for Financial Research SAFE
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Business cycle, GMM estimation, labor income risk, Life-Cycle Model, Persistent and Transitory Income Shocks, Risk attitudes, Skewness

27.

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

NBER Working Paper No. w13185
Number of pages: 39 Posted: 27 Jun 2007 Last Revised: 13 Jul 2010
Alexander Ludwig, Dirk Krueger and Axel H. Börsch-Supan
Leibniz Institute for Financial Research SAFE, University of Pennsylvania - Department of Economics and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 34 (496,992)
Citation 1

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28.

On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare

NBER Working Paper No. w12453
Number of pages: 45 Posted: 23 Aug 2006 Last Revised: 13 Jul 2010
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 33 (501,824)
Citation 21

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A Parsimonious Choquet Model of Subjective Life Expectancy

CRR Working Paper No. 2008-20
Number of pages: 41 Posted: 18 Mar 2009
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria
Downloads 30 (530,686)
Citation 3

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A Parsimonious Choquet Model of Subjective Life Expectancy

Posted: 07 Mar 2010
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria

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30.

Old Europe Ages: Reforms and Reform Backlashes

NBER Working Paper No. w15744
Number of pages: 47 Posted: 22 Feb 2010 Last Revised: 10 Jul 2010
Axel H. Börsch-Supan and Alexander Ludwig
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Leibniz Institute for Financial Research SAFE
Downloads 27 (533,736)
Citation 1

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31.

On the Consequences of Demographic Change for Rates of Return to Capital, and the Distribution of Wealth and Welfare

CEPR Discussion Paper No. 5834
Number of pages: 47 Posted: 14 Nov 2006
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
Downloads 20 (577,351)
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Population aging, international capital flows, distribution of welfare

32.

Ageing, Pension Reform and Capital Flows: A Multi-Country Simulation Model

Economica, Vol. 73, No. 292, pp. 625-658, November 2006
Number of pages: 34 Posted: 12 Oct 2006
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Leibniz Institute for Financial Research SAFE and Ludwig Maximilian University of Munich (LMU)
Downloads 17 (597,045)
Citation 7
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Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

PIER Working Paper No. 20-013
Number of pages: 81 Posted: 02 Apr 2020
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Leibniz Institute for Financial Research SAFE, National Research University Higher School of Economics and IRES, Universit Catholique de Louvain - Department of Economics
Downloads 13 (648,678)

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Immigration, Refugees, Overlapping Generations, Demographic Change

Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

NBER Working Paper No. w26973
Number of pages: 81 Posted: 13 Apr 2020
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt and Goethe University Frankfurt
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Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

CEPR Discussion Paper No. DP14562
Number of pages: 84 Posted: 08 May 2020
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt and Goethe University Frankfurt
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Demographic Change, Immigration, Overlapping Generations, Refugees

34.

The Long-Term Distributional and Welfare Effects of Covid-19 School Closures

PIER Working Paper No. 20-032
Number of pages: 54 Posted: 31 Aug 2020
Goethe University Frankfurt, University of Pennsylvania, Leibniz Institute for Financial Research SAFE and Goethe University Frankfurt
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Covid-19, school closures, inequality, intergenerational persistence

On the Optimal Provision of Social Insurance: Progressive Taxation Versus Education Subsidies in General Equilibrium

NBER Working Paper No. w21538
Number of pages: 81 Posted: 08 Sep 2015
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
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On the Optimal Provision of Social Insurance: Progressive Taxation Versus Education Subsidies in General Equilibrium

CEPR Discussion Paper No. DP10806
Number of pages: 82 Posted: 08 Sep 2015
Dirk Krueger and Alexander Ludwig
University of Pennsylvania - Department of Economics and Leibniz Institute for Financial Research SAFE
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education subsidy, progressive taxation, transitional dynamics

36.

Aging, Asset Markets, and Asset Returns: A View from Europe to Asia

Asian Economic Policy Review, Vol. 4, Issue 1, pp. 69-92, June 2009
Number of pages: 24 Posted: 16 Jun 2009
Axel H. Börsch-Supan and Alexander Ludwig
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Leibniz Institute for Financial Research SAFE
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37.

Investment Behavior Under Ambiguity: The Case of Pessimistic Decision Makers

University of Mannheim, SFB Discussion Paper No. 04-31
Posted: 28 Jul 2005
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria

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Ambiguity, Choquet Expected Utility Theory, Bayesian Updating, Pessimism, Optimism, Hyperbolic Time-Discounting

38.

Rational Expectations and Pessimistic Decision-Makers: A Comment on Abel (2002)

SFB Discussion Paper No. 04-66
Posted: 28 Jul 2005
Alexander Ludwig and Alexander Zimper
Leibniz Institute for Financial Research SAFE and University of Pretoria

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rational expectations, Choquet expected utility, pessimism,optimism, equity premium puzzle, riskfree rate puzzle