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This paper examines the choice of pension scheme and job mobility in Britain. Workers in Britain can choose to belong wholly to the social security (public pension) programme, or to a company-provided plan (occupational pension), or to purchase their own individual pension. We use household...
Persistent link: https://www.econbiz.de/10010293043
A model is presented for simulating the tax burden on highly skilled manpower. The effective average tax rate, defined as the relative wedge between employment costs and disposable income, is computed. Income and payroll taxes and social security contributions not yielding an equivalent benefit...
Persistent link: https://www.econbiz.de/10010300176
comprehensive measure of Total Reward (TR) which includes not just pay, but pensions and other 'benefits in kind', evaluate it as …
Persistent link: https://www.econbiz.de/10010278521
Policy discussions on pension systems generally focus on their sustainability and design, including retirement age …
Persistent link: https://www.econbiz.de/10011926103
, Spain, the UK and the US - under population aging. Two main aspects of the aging process are relevant to the analysis. First … towards future pensions with more private savings. Second, an aging electorate leads to larger systems, since it increases the … aspect dominates in all countries, albeit with some differences. Spain, the fastest aging country, faces the largest increase …
Persistent link: https://www.econbiz.de/10014074711
the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives …
Persistent link: https://www.econbiz.de/10014088795
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the … are strikingly different. Most nations have little scope to further finance pensions out of labour income taxation over …
Persistent link: https://www.econbiz.de/10014347982
The current Labour Government was elected in 1997 with few specific social security proposals. This paper argues that after five years, consistent trends in social security policy have emerged: there is a willingness to increase benefits; a “work-first” focus; increasing centrality for...
Persistent link: https://www.econbiz.de/10010292973
Using three major UK pension reforms as natural experiments we investigate the relationship between pension saving and discretionary private savings. Unlike most differences-in -differences approaches which rely on average differences between the control and the treatment group, we use economic...
Persistent link: https://www.econbiz.de/10010292994
We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-earnings profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in...
Persistent link: https://www.econbiz.de/10010293032