Showing 1 - 10 of 3,355
This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of several potential Social Security policy changes. Estimated effects of policies are compared using two models, one with hyperbolic preferences and one with standard exponential...
Persistent link: https://www.econbiz.de/10010574351
’espérance de vie permettrait de réduire les coûts des pensions et d’accroître l’emploi des travailleurs seniors, à condition d …
Persistent link: https://www.econbiz.de/10011276879
Social security programs generally seek to provide insurance and to reduce poverty and inequality. Providing insurance requires little redistribution. But reducing inequality and alleviating poverty do require redistribution. To reduce inequality, programs must redistribute income, but...
Persistent link: https://www.econbiz.de/10011433386
This paper examines the impact of old-age pension systems and other social transfer programmes on the retirement decision of older males in OECD countries. For each of the 55-59, 60-64 and 65+ age groups, a new panel dataset (22 OECD countries over 1969-1999 or shorter periods in some cases) of...
Persistent link: https://www.econbiz.de/10012445518
Budget set kinks are much studied in economics, including in the context of "bunching" estimators that assume individuals react to the true marginal tax rate. We document that individuals disproportionately "left-bunch" below kinks in the context of the Social Security Earnings Test where...
Persistent link: https://www.econbiz.de/10015326489
This study examines how elderly employment is associated with social security programs and how it responds to recent reforms in Japan. To this end, we employed a rich and longitudinal dataset of middle-aged and older individuals collected between 2005 and 2018. By incorporating various factors...
Persistent link: https://www.econbiz.de/10014322857
Reducing poverty remains an important challenge, and the COVID-19-crisis may further reinforce social vulnerabilities. Although it has declined lately, relative poverty remains high in international comparison and is distributed unevenly across population groups with the elderly, people with...
Persistent link: https://www.econbiz.de/10012421275
Recent social security reform has significantly improved the long-run sustainability of the pension system. However, the pension system continues to serve as an important barrier to a more rapid expansion of the formalsector economy in two ways. First, early-retirement incentives (including...
Persistent link: https://www.econbiz.de/10005045861
, early retirement incentives, diversification into private provision, simplicity and the pensions-earnings link. This Working …
Persistent link: https://www.econbiz.de/10005045896
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions … importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of return and …
Persistent link: https://www.econbiz.de/10005067559