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What Triggers Early Retirement? Results from Swiss Pension Funds

Bütler, Monika; Huguenin, Olivia; Teppa, Federica - C.E.P.R. Discussion Papers - 2004

Early retirement is predominantly considered as the result of incentives set by social security and the tax system. But … determinants of early retirement, in particular the role of lifetime income and family status, using individual data from a … selection of Swiss pension funds. Our findings suggest that affordability is a key determinant in retirement decisions: more …

Persistent link: https://www.econbiz.de/10005124068

Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia

Richter, Kaspar - C.E.P.R. Discussion Papers - 2000

The paper develops a new approach to measuring the impact of government cash transfers on poverty alleviation that takes into account endogenous reactions and consumption smoothing of households. We use the methodology to study the impact of changes in government cash benefits on poverty rates...

Persistent link: https://www.econbiz.de/10005124403

On the Political Complementarity Between Health Care and Social Security

Bethencourt Marrero, Carlos; Galasso, Vincenzo - C.E.P.R. Discussion Papers - 2001

retirement period and the total pension benefits of the former relatively to the latter. This effect, whose empirical relevance …

Persistent link: https://www.econbiz.de/10005124440

Shortening the Potential Duration of Unemployment Benefits Does Not Affect the Quality of Post-Unemployment Jobs: Evidence from a Natural Experiment

Ours, Jan C van; Vodopivec, Milan - C.E.P.R. Discussion Papers - 2006

This paper investigates how the potential duration of unemployment benefits affects the quality of post-unemployment jobs. It takes advantage of a natural experiment introduced by a change in Slovenia’s unemployment insurance law that substantially reduced the potential benefit duration....

Persistent link: https://www.econbiz.de/10005136676

The Short-Term Budgetary Implications of Structural Reforms. Evidence from a Panel of EU Countries

Deroose, Servaas; Turrini, Alessandro Antonio - C.E.P.R. Discussion Papers - 2005

The EU fiscal framework has often been criticized for neglecting a possible trade-off between short-term budgetary objectives and the implementation of reforms that could improve public finances in the long term This concern was reflected in the recent reform of the Stability and Growth Pact,...

Persistent link: https://www.econbiz.de/10005136743

Modelling Financial Incentives To Get Unemployed Back To Work

Boone, Jan; Ours, Jan C van - C.E.P.R. Discussion Papers - 2000

We model how unemployment benefit sanctions - benefit reductions that are imposed if unemployed do not comply with job search guidelines - affect unemployment. In our analysis we find that not only micro-effects concerning the behaviour of individual unemployed workers are relevant, but also...

Persistent link: https://www.econbiz.de/10005067430

Funded and Unfunded Pensions: Risk, Return and Welfare

Miles, David K - C.E.P.R. Discussion Papers - 2000

This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...

Persistent link: https://www.econbiz.de/10005067559

Migration-Regime Liberalization and Social Security: Political-Economy Effect

Razin, Assaf; Sand, Edith - C.E.P.R. Discussion Papers - 2009

The pay-as-you-go social security system, burdened by dwindling labour force, can benefit from immigrants, with birth rates that exceed the native-born birth rates. Thus, the social security system effectively provides an incentive to liberalize migration policy through a political-economy...

Persistent link: https://www.econbiz.de/10005036245

Habit Formation and Labour Supply

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...

Persistent link: https://www.econbiz.de/10005497699

Pension systems, Intergenerational Risk Sharing and Inflation

Beetsma, Roel; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2007

We investigate intergenerational risk sharing in two-pillar pension systems with a pay-as-you-go pillar and a funded pillar. We consider shocks in productivity, depreciation of capital and inflation. The funded pension pillar can be either defined contribution or defined benefit, with benefits...

Persistent link: https://www.econbiz.de/10005497820