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characteristics of the average pensioner and in the parameters that describe how pensions are calculated in Spain as a function of …This paper develops a simple model that can be used to analyze the long-term sustainability of the contributive pension …
Persistent link: https://www.econbiz.de/10009004372
This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old age contingency, based on official data. The novel entry in the balance sheet, named “Contribution Asset” or “Hidden Asset”, is at the centre of the theoretical...
Persistent link: https://www.econbiz.de/10005405839
basis for a more general analysis that will be dedicated to the functioning and sustainability of pay-as-you-go to finance …
Persistent link: https://www.econbiz.de/10011259816
sustainability of pay-as-you-go to finance the welfare system in developed countries. Thsi paper constitutes Chapert 2.. Chapter 1 …
Persistent link: https://www.econbiz.de/10011110362
Since the early 90's, the Federal Planning Bureau assesses the sustainability of pensions in Belgium. Since a couple of … years, it uses a dynamic microsimulation model, MIDAS_BE, to assess the development of the adequacy of pensions. This …
Persistent link: https://www.econbiz.de/10008855800
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the phased withdrawal strategy in the literature, would have the retiree invest his funds and then...
Persistent link: https://www.econbiz.de/10010986362
The share of Americans with defined contribution pension plans now exceeds the share of those with defined benefit plans. Wolff refers to this as the "great transformation" and it leads him to examine recent evidence to see whether there are winners and losers resulting from this switch away...
Persistent link: https://www.econbiz.de/10010850069
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Persistent link: https://www.econbiz.de/10010850142
sustainability and adequacy, which constitute a difficult trade-off facing the policy maker. The particular complexity of this issue …
Persistent link: https://www.econbiz.de/10010850520
-contributory) pensions in Europe. We use data from the household survey EU-SILC and focus on 17 countries. We simulate - in a static … framework - the introduction of two social pension schemes: universal and means tested social pensions. We see that the old … have few other income sources than pensions. On the opposite, it costs less. In fact, the means test reduces substantially …
Persistent link: https://www.econbiz.de/10010856478