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Search for Financial Returns and Social Security Privatization

McKay, Alisdair - In: Review of Economic Dynamics 16 (2013) 2, pp. 253-270

I develop a general equilibrium model in which the quality of household financial decisions is endogenously determined by the incentives to exert effort in learning about financial opportunities. The model generates predictions for asset market participation and returns across households....

Persistent link: https://www.econbiz.de/10010604555

Chapter 13. Social Security and Public Insurance

Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...

Persistent link: https://www.econbiz.de/10014023471

Fostering inclusive growth in Malaysia

Nixon, Stewart; Asada, Hidekatsu; Koen, Vincent - 2017

Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the centre of Malaysia’s ambition to become a...

Persistent link: https://www.econbiz.de/10011700175

Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey

Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024

We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...

Persistent link: https://www.econbiz.de/10015056164

Retirement sorted? : the adequacy and optimality of wealth among the near-retired

Crawford, Rowena; O'Dea, Cormac - 2014

Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...

Persistent link: https://www.econbiz.de/10010402537

Tax and benefit reforms to support employment and inclusiveness and address poverty in Italy

Bulman, Tim; Pacifico, Daniele; Pisu, Mauro; … - 2019

This paper assesses Italy’s 2019 tax and benefit reforms, analyses hypothetical reforms and proposes a reform package … significantly strengthens Italy’s low income protection system but can also financially discourage recipients from working. The … results of the in-depth chapter of the OECD 2019 Economic Survey of Italy (2019[1]) on social and regional disparities. …

Persistent link: https://www.econbiz.de/10012202861

An Age Perspective on Economic Well-Being and Social Protection in Nine OECD Countries

Dang, Thai Thanh; Immervoll, Herwig; Mantovani, Daniela; … - 2006

For a number of reasons, incomes vary strongly with age. The nature of this variation is of interest for a wide range of policy purposes. Since age structures differ across countries, knowledge about the incomes earned by different age groups is also necessary for understanding and interpreting...

Persistent link: https://www.econbiz.de/10012444209

Policy effects in hyperbolic vs. exponential models of consumption and retirement

Gustman, Alan L.; Steinmeier, Thomas L. - In: Journal of Public Economics 96 (2012) 5, pp. 465-473

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

Temptation and social security in a dynastic framework

Kumru, Cagri S.; Tran, Chung - In: European Economic Review 56 (2012) 7, pp. 1422-1445

individuals to save more. This in turn mitigates the adverse effects of self-control problems and PAYG social security on savings …

Persistent link: https://www.econbiz.de/10010580678

Social Security with Uninsurable Income Risk and Endogenous Borrowing Constraints

Rojas, Juan A.; Urrutia, Carlos - In: Review of Economic Dynamics 11 (2008) 1, pp. 83-103

precautionary savings. However, the quantitative impact of this mechanism on stationary aggregate savings is small. Computing the …

Persistent link: https://www.econbiz.de/10005085576