Showing 1 - 10 of 108
This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10005661484
Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...
Persistent link: https://www.econbiz.de/10011252616
This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 to 57.2 for women. Using administrative data on the...
Persistent link: https://www.econbiz.de/10009275966
We use firm closure data from social security records for Austria 1978-1998 to investigate the effect of age on employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non-displaced workers. We then use a difference-in-difference strategy to...
Persistent link: https://www.econbiz.de/10005666404
While ageing is accepted as a major problem for most industrialized societies, its labour market consequences are not yet fully understood. This paper analyses the effects of changes in the age composition of the Federal Republic of Germany on the incidence of unemployment in different sex-age...
Persistent link: https://www.econbiz.de/10005666422
Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the … that the results are of importance for the design of health care and labour market policy towards the elderly. …
Persistent link: https://www.econbiz.de/10005666455
. It takes advantage of a quasi-experimental situation, where potential benefit duration was extended in 1988 for elderly …
Persistent link: https://www.econbiz.de/10005666954
The European ageing process will lead to a dramatic rise in dependency ratios over the next decades. At the same time labour mobility will increase as a result of greater European economic integration. We analyse the implications of migration and ageing for European social security systems. With...
Persistent link: https://www.econbiz.de/10005791913
unemployment in Austria. As the new law applies only to elderly workers in certain regions of the country after June 1988, a quasi … findings are explained by a breach of an implicit contract; elderly workers receive wages above their marginal product in order … to elicit higher effort. Dismissal of elderly workers is now easier because more generous unemployment insurance makes …
Persistent link: https://www.econbiz.de/10005791939
This Paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension arrangements in an environment where financial markets are less than perfect. Surprisingly little is known about the optimal split between funded and unfunded systems when there are...
Persistent link: https://www.econbiz.de/10005792047