Alexander Ludwig

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

Amalienstrasse 33

Munich, 80799

Germany

Goethe University Frankfurt

Grüneburgplatz 1

Frankfurt am Main, 60323

Germany

  • Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

  • Goethe University Frankfurt

SCHOLARLY PAPERS

45

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Scholarly Papers (45)

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1.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Deutsche Bank, New York
Downloads 540 (72,958)
Citation 8

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Consumption, wealth effect, panel cointegration, asset prices

2.

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

Downloads 409 (101,591)
Citation 9

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 230 (185,349)
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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 91 (388,254)
Citation 3

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 58 (498,914)
Citation 5

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 30 (646,814)
Citation 1

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 4

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3.

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

Downloads 327 (130,403)

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
Nicola Fuchs-Schündeln, Alexander Ludwig, Irina Popova and Dirk Krueger
Goethe University Frankfurt, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Goethe University Frankfurt and University of Pennsylvania
Downloads 234 (182,290)

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Covid-19, school closures, inequality, intergenerational persistence

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
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
Downloads 68 (460,131)

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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 Last Revised: 24 Jun 2022
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
Downloads 25 (683,713)

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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
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
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COVID-19, inequality, Intergenerational Persistence, School Closures

4.

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

Downloads 287 (149,448)
Citation 7

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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 124 (314,243)
Citation 6

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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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 98 (370,337)

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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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 44 (563,778)
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 Last Revised: 09 Jan 2022
Edgar Vogel, Alexander Ludwig and Axel H. Börsch-Supan
Deutsche Bundesbank, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 21 (716,658)
Citation 1

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5.

Demographic Change, Human Capital and Endogenous Growth

Downloads 267 (160,687)
Citation 4

Demographic Change, Human Capital and Endogenous Growth

Number of pages: 50 Posted: 13 Aug 2007
Alexander Ludwig, Thomas Schelkle and Edgar Vogel
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 186 (225,617)
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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 81 (416,873)
Citation 5

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

6.

Evaluating the Effectiveness of Policies Against a Pandemic

Downloads 240 (178,427)
Citation 1

Evaluating the Effectiveness of Policies Against a Pandemic

SAFE Working Paper No. 294
Number of pages: 36 Posted: 19 Oct 2020 Last Revised: 12 Nov 2020
Christian Aleman, Christopher Busch, Alexander Ludwig and Raül Santaeulàlia-Llopis
Autonomous University of Barcelona, Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and UAB and Barcelona GSE
Downloads 163 (252,903)

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Macroeconomics, Pandemic, Stages, Covid-19, Stay-Home, Policy Effects, Identification

Evaluating the Effectiveness of Policies Against a Pandemic

ZEW - Centre for European Economic Research Discussion Paper No. 20-068
Number of pages: 36 Posted: 25 Nov 2020
Christian Aleman, Christopher Busch, Alexander Ludwig and Raül Santaeulàlia-Llopis
Autonomous University of Barcelona, Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Barcelona Graduate School of Economics (Barcelona GSE)
Downloads 47 (548,526)

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Macroeconomics, Pandemic, Stages, Covid-19, Stay-Home, Policy Effects, Identification

Evaluating the Effectiveness of Policies Against a Pandemic

MEA Discussion Paper No. 17-2020
Number of pages: 36 Posted: 29 Oct 2020 Last Revised: 24 Nov 2020
Christian Aleman, Christopher Busch, Alexander Ludwig and Raül Santaeulàlia-Llopis
Autonomous University of Barcelona, Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Barcelona Graduate School of Economics (Barcelona GSE)
Downloads 30 (646,814)

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Macroeconomics, Pandemic, Stages, Covid-19, Stay-Home, Policy Effects, Identification

Evaluating the Effectiveness of Policies Against a Pandemic

CEPR Discussion Paper No. DP15390
Number of pages: 37 Posted: 03 Nov 2020
Christian Aleman, Christopher Busch, Alexander Ludwig and Raül Santaeulàlia-Llopis
Autonomous University of Barcelona, Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Barcelona Graduate School of Economics (Barcelona GSE)
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COVID-19, identification, Macroeconomics, Pandemic, Policy Effects, Stages, Stay-Home

7.

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

Downloads 221 (192,964)
Citation 2

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), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and ZEW – Leibniz Centre for European Economic Research
Downloads 158 (259,744)
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), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and ZEW – Leibniz Centre for European Economic Research
Downloads 63 (478,786)

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

8.

A Life-Cycle Model with Ambiguous Survival Beliefs

Downloads 205 (207,013)
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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 132 (299,727)
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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 73 (442,652)
Citation 6

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

9.

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

Downloads 190 (221,546)
Citation 1

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 138 (289,655)

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 28 (660,974)

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 24 (691,706)

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

10.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), London School of Economics & Political Science (LSE) and Deutsche Bundesbank
Downloads 168 (246,064)
Citation 12

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

11.

Who Saves More, the Naive or the Sophisticated Agent?

Downloads 155 (263,208)

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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 155 (263,849)

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Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency

Who Saves More, the Naive or the Sophisticated Agent?

CEPR Discussion Paper No. DP16412
Number of pages: 58 Posted: 22 Sep 2021
Max Groneck, Alexander Ludwig and Alexander Zimper
Stockholm School of Economics, Department of Economics, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
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12.

Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods

Downloads 118 (324,065)
Citation 8

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Cologne
Downloads 106 (351,384)
Citation 7

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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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Cologne
Downloads 12 (799,891)
Citation 4

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

13.

Aging and International Capital Flows

NBER Working Paper No. w8553
Number of pages: 31 Posted: 18 Oct 2001 Last Revised: 16 May 2022
Axel H. Börsch-Supan, Alexander Ludwig and Joachim K. Winter
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 Ludwig Maximilian University of Munich (LMU)
Downloads 118 (324,065)
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14.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Deutsche Bundesbank
Downloads 114 (332,039)
Citation 6

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Mortality, Fertility, Aging, Education, OLG

15.

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

Downloads 113 (334,097)
Citation 4

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 41 (579,797)

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 33 (626,903)
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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 16 (760,715)
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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 15 (770,195)

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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 Last Revised: 30 Jun 2022
Dirk Krueger and Alexander Ludwig
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 8 (841,708)

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Idiosyncratic Risk, Overlapping Generations, precautionary saving, Taxation of Capital

16.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 103 (355,708)

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Progressive Taxation, Education Subsidy, Transitional Dynamics

17.

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

Downloads 101 (360,344)

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

SAFE Working Paper No. 221
Number of pages: 52 Posted: 31 Aug 2018
Axel H. Börsch-Supan, Klaus Härtl, Duarte Nuno Leite 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), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 64 (474,920)

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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
Axel H. Börsch-Supan, Klaus Härtl, Duarte Nuno Leite 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), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 37 (602,240)

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

18.

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

Downloads 101 (360,344)
Citation 9

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Institute for Advanced Studies (IHS)
Downloads 80 (420,010)

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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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Institute for Advanced Studies (IHS)
Downloads 21 (716,658)
Citation 12

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

19.

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

Downloads 90 (387,534)
Citation 2

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
Nils Grevenbrock, Max Groneck, Alexander Ludwig and Alexander Zimper
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 64 (474,920)

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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
Nils Grevenbrock, Max Groneck, Alexander Ludwig and Alexander Zimper
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 15 (770,195)
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
Nils Grevenbrock, Max Groneck, Alexander Ludwig and Alexander Zimper
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 11 (809,999)

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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
Nils Grevenbrock, Max Groneck, Alexander Ludwig and Alexander Zimper
Goethe University Frankfurt - Research Center SAFE, Stockholm School of Economics, Department of Economics, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
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Cognition, Con rmatory Bias, Optimism, Pessimism, Probability Weighting Function, Subjective Survival Beliefs

20.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 80 (415,641)
Citation 6

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

21.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 74 (434,298)
Citation 3

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Progressive Taxation, Capital Taxation, Optimal Taxation

22.

Higher-Order Income Risk over the Business Cycle

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 5

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 3

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Business cycle, GMM estimation, labor income risk, Life-Cycle Model, Persistent and Transitory Income Shocks, Risk attitudes, Skewness

23.

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

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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: 20 May 2022
Axel H. Börsch-Supan, Alexander Ludwig and Joachim K. Winter
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 Ludwig Maximilian University of Munich (LMU)
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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
Axel H. Börsch-Supan, Joachim K. Winter and Alexander Ludwig
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Ludwig Maximilian University of Munich (LMU) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

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aging, pension reform, capital mobility

24.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
Downloads 53 (511,714)

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

25.

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, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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population aging, human capital, rate of return, distribution of welfare

26.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 48 (533,827)
Citation 8

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subjective survival expectations; ambiguity, Bayesian learning

27.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
Downloads 45 (547,878)
Citation 1

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

28.

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 2022
Alexander Ludwig, Dirk Krueger and Axel H. Börsch-Supan
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), University of Pennsylvania - Department of Economics and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 3

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29.

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 2022
Dirk Krueger and Alexander Ludwig
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 41 (567,807)
Citation 24

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30.

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
Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
Downloads 39 (578,071)

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Covid-19, school closures, inequality, intergenerational persistence

31.

Preventing Reforming Unequally

Number of pages: 63 Posted: 08 Nov 2021 Last Revised: 05 Jan 2022
Axel H. Boersch-Supan, Klaus Härtl, Duarte Nuno Leite 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), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Population aging, pension reform, Income inequality, life-cycle behavior, Labor supply, Welfare

32.

A Parsimonious Choquet Model of Subjective Life Expectancy

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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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria
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Citation 3

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A Parsimonious Choquet Model of Subjective Life Expectancy

Posted: 07 Mar 2010
Alexander Ludwig and Alexander Zimper
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria

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33.

Old Europe Ages: Reforms and Reform Backlashes

NBER Working Paper No. w15744
Number of pages: 47 Posted: 22 Feb 2010 Last Revised: 10 Jul 2022
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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 1

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34.

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

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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
Christopher Busch, Dirk Krueger, Alexander Ludwig, Irina Popova and Zainab Iftikhar
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), National Research University Higher School of Economics and IRES, Universit Catholique de Louvain - Department of Economics
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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 Last Revised: 14 Mar 2022
Christopher Busch, Dirk Krueger, Alexander Ludwig, Irina Popova and Zainab Iftikhar
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), 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
Christopher Busch, Dirk Krueger, Alexander Ludwig, Irina Popova and Zainab Iftikhar
Autonomous University of Barcelona - MOVE (Markets, Organizations and Votes in Economics), University of Pennsylvania, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA), Goethe University Frankfurt and Goethe University Frankfurt
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Demographic Change, Immigration, Overlapping Generations, Refugees

35.

The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures

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The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures

NBER Working Paper No. w29398
Number of pages: 67 Posted: 25 Oct 2021 Last Revised: 30 Apr 2022
Nicola Fuchs-Schündeln, Dirk Krueger, Andre Kurmann, Etienne Lalé, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Drexel University, University of Quebec at Montreal (UQAM) - Université du Québec à Montréal, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
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The Fiscal and Welfare Effects of Policy Responses to the COVID-19 School Closures

CEPR Discussion Paper No. DP16663
Number of pages: 69 Posted: 15 Nov 2021
Nicola Fuchs-Schündeln, Dirk Krueger, Andre Kurmann, Etienne Lalé, Alexander Ludwig and Irina Popova
Goethe University Frankfurt, University of Pennsylvania, Drexel University, University of Quebec at Montreal (UQAM) - Université du Québec à Montréal, Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and Goethe University Frankfurt
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COVID-19, Inequality, Intergenerational Persistence, School Closures

36.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Population aging, international capital flows, distribution of welfare

37.

Climate Change Mitigation: How Effective is Green Quantitative Easing?

CESifo Working Paper No. 9828
Number of pages: 53 Posted: 11 Jul 2022
Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig and Carolin Nerlich
Goethe University Frankfurt, European Central Bank (ECB), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and European Central Bank (ECB)
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climate change, integrated assessment model, 2-sector model, green quantitative easing, carbon taxation

38.

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
Axel H. Börsch-Supan, Alexander Ludwig and Joachim K. Winter
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 Ludwig Maximilian University of Munich (LMU)
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Citation 8

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39.

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

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Citation 28

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 Last Revised: 09 May 2021
Dirk Krueger and Alexander Ludwig
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 9 (830,835)
Citation 7

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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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 15
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education subsidy, progressive taxation, transitional dynamics

40.

Climate Change Mitigation: How Effective Is Green Quantitative Easing?

ZEW - Centre for European Economic Research Discussion Paper No. 22-027
Number of pages: 53 Posted: 22 Jul 2022
Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig and Carolin Nerlich
Goethe University Frankfurt, European Central Bank (ECB), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and European Central Bank (ECB) - Directorate General Economics
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Climate Change, Integrated Assessment Model, 2-Sector Model, Green Quantitative Easing, Carbon Taxation

41.

Climate Change Mitigation: How Effective is Green Quantitative Easing?

ECB Working Paper No. 2022/2701
Number of pages: 53 Posted: 09 Aug 2022
Raphael Abiry, M. Ferdinandusse, Alexander Ludwig and Carolin Nerlich
Goethe University Frankfurt, European Central Bank (ECB), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and European Central Bank (ECB) - Directorate General Economics
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2-sector model, carbon taxation, climate change, green quantitative easing, integrated assessment model

42.

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 Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)
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Citation 2

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43.

Climate Change Mitigation: How Effective is Green Quantitative Easing?

CEPR Discussion Paper No. DP17324
Number of pages: 51 Posted: 27 May 2022 Last Revised: 23 Jun 2022
Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig and Carolin Nerlich
Goethe University Frankfurt, European Central Bank (ECB), Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and European Central Bank (ECB)
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2-Sector Model, Carbon taxation, climate change, Green Quantitative Easing, Integrated assessment model

44.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria

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

45.

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
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) and University of Pretoria

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