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Labor income risk, demographic risk, and thedesign of (wage-indexed) social security

Borgmann, Christoph - Institut für Finanzwissenschaft <Freiburg, Breisgau> - 2002

Pay-as-you-go pension programs can help to share risk amongst generations.While a wage-indexed pension program is best suited to share labor income risk,I show that the combination of stochastic labor income and stochastic populationgrowth may reduce the possibilities for intergenerational risk...

Persistent link: https://www.econbiz.de/10005870417

Women’s family histories and incomes in later life in the UK, US and West Germany

Evandrou, Maria; Falkingham, Jane; Sefton, Tom - London School of Economics and Political Science - 2009

Using data from several large scale longitudinal surveys, this paper investigates the relationship between older women‟s families histories and their personal incomes in later life in the UK, US and West Germany, By comparing three countries with very different welfare regimes, we seek to gain...

Persistent link: https://www.econbiz.de/10009305128

Family ties: Women’s work and family histories and theirassociation with incomes in later life in the UK

Sefton, Tom; Evandrou, Maria; Falkingham, Jane - London School of Economics and Political Science - 2008

is that thepension returns to working longer are relatively low, especially for low-skilledwomen. Recent pensions reforms …

Persistent link: https://www.econbiz.de/10009305130

Pension Policy in EU25 and its Possible Impact on ElderlyPoverty

Zaidi, Asghar; Grech, Aaron George; Fuchs, Michael - London School of Economics and Political Science - 2006

This paper reviews changes in pension policies in EU countries between 1995 and2005 and describes how they might affect risk of poverty for future pensionerpopulations. The pension landscape in Europe has changed considerably in the pastdecade and the paper highlights commonalities as well as...

Persistent link: https://www.econbiz.de/10009354013

From Beveridge to Turner: Demography, Distribution and the Future of Pensions in the UK

Hills, John - London School of Economics and Political Science - 2006

This article outlines the recommendations of the UK Pensions Commission, andthe data and analysis on which they were … system. The Commission concluded that without reform, structuralproblems with UK pensions would lead to increasingly … havenow largely been adopted by the UK government, imply eventual increases bothin state spending on pensions as a share of …

Persistent link: https://www.econbiz.de/10009354019

Income Mobility in Old Age in Britain and Germany

Zaidi, Asghar; Frick, Joachim R.; Büchel, Felix - London School of Economics and Political Science - 2004

The increases in human longevity in recent decades and the trends for early retirement have posed new challenges for policy makers, and require a holistic understanding of the processes that influence the economic resources of older people. This paper contributes to this knowledge by examining...

Persistent link: https://www.econbiz.de/10009354039

Inclusion or Insurance?National Insurance and the future of the contributoryprinciple

Hills, John - London School of Economics and Political Science - 2003

This paper examines the decline of National Insurance in Britain, as witnessedby its declining share of all social security spending and the steady dilution ofthe “contributory principle” on which it was originally based. It argues that thisdecline is not an accident: under governments of...

Persistent link: https://www.econbiz.de/10009354060

Incentive Effects of Unemployment InsuranceSavings Accounts: Evidence from Chile

Reyes Hartley, Gonzalo; Ours, Jan C. van; Vodopivec, Milan - Institut zur Zukunft der Arbeit <Bonn> - 2010

This study examines the determinants of job-finding rates of unemployment benefit recipientsunder the Chilean program. This is a unique, innovative program that combines socialinsurance through a solidarity fund (SF) with self-insurance in the form of unemploymentinsurance savings accounts...

Persistent link: https://www.econbiz.de/10009360606

RETIREMENT, PENSIONS, AND AGEING

HEIJDRA BEN J.; ROMP WARD E. - CESifo GmbH <München> - 2007

We study the effects of demographic shocks and changes in the pension system on themacroeconomic performance of an advanced small open economy. An overlappinggenerationsmodel is constructed which includes a realistic description of the mortalityprocess. Individual agents choose their optimal...

Persistent link: https://www.econbiz.de/10005858940

Reforming Retirement-Income Systems : Lessons from the Recent Experiences of OECD Countries

Martin, John P.; Whitehouse, Edward - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

Reforming pensions looms large over the policy agenda of OECD countries. This is hardlysurprising since public spending … on pensions accounted on average for 7 per cent of OECDGDP in 2005; and this pension spending effort is set to increase … reforms and highlight the main lessons. Section 1 looks at which countries reformedtheir pensions systems and which did not …

Persistent link: https://www.econbiz.de/10005859634