Showing 1 - 10 of 11,669
Persistent link: https://www.econbiz.de/10012055166
withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … heterogeneous individuals. Moreover, unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance … without giving rise to high year-on-year volatility in consumption streams or opaque and rigid valuation and smoothing rules …
Persistent link: https://www.econbiz.de/10011252616
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland’s...
Persistent link: https://www.econbiz.de/10011276816
rate by age) are applied to the two schemes. The impacts of different shocks (productivity, migration and longevity) on the …
Persistent link: https://www.econbiz.de/10011276965
This paper discusses responses to current financial and economic crisis by regulators, supervisors and policy makers in the area of private pensions. These responses are examined in the light of international guidelines, best practices and recommendations to improve the design of private...
Persistent link: https://www.econbiz.de/10004962920
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
alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and …
Persistent link: https://www.econbiz.de/10012207196
effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …
Persistent link: https://www.econbiz.de/10009526546
Persistent link: https://www.econbiz.de/10013168314
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …
Persistent link: https://www.econbiz.de/10012111075