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Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe
Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015
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
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Retirement of Spouses and Social Security Reform
Falkinger, Josef; Winter-Ebmer, Rudolf; Zweimüller, Josef - C.E.P.R. Discussion Papers - 1994
't react vice versa. The cross effect on men's participation rates -- resulting from a rise in women's minimum retirement age … --is almost half as big as the first-round effect upon the women themselves. …
Persistent link: https://www.econbiz.de/10005123559
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Endogenous Fertility Policy
Booth, Alison L; Sepulveda, Facundo - C.E.P.R. Discussion Papers - 2004
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social security (SS). In our model, agents are heterogeneous in age and income. Young generations confront promises made previously by older generations, and in turn choose current levels...
Persistent link: https://www.econbiz.de/10005123867
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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
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Time Inconsistent Preferences and the Annuitization Decision
Schreiber, Philipp; Weber, Martin - C.E.P.R. Discussion Papers - 2015
When entering retirement most people face the decision whether they would like their defined contribution account balance paid as a lump sum or to annuitize the amount. The fact that people tend to choose the lump sum even if economic reasons suggest not to is called the annuity puzzle. In a...
Persistent link: https://www.econbiz.de/10011165648
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Social Security and Migration in an Ageing Europe
von Hagen, Jürgen; Walz, Uwe - C.E.P.R. Discussion Papers - 1994
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
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Risk Return and Portfolio Allocation under Alternative Pension Systems with Imperfect Financial Markets
Cerny, Ales; Miles, David K - C.E.P.R. Discussion Papers - 2001
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
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The Impact of a Permanent Income Shock on the Situation of Women in the Household: the case of a pension reform in Argentina
Berniell, Inés; de la Mata, Dolores; Machado, Matilde Pinto - C.E.P.R. Discussion Papers - 2014
Transfers to women may affect their bargaining power within the household and consequently their well-being. We analyze … for around 1.8 million senior women (women 60 years and over), on outcomes arguably related to women’s bargaining power … within the household. Our results imply that a 10 percentage-point increase in senior women’s income share within the couple …
Persistent link: https://www.econbiz.de/10011084362
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Part-Time Jobs: What Women Want?
Booth, Alison L; Ours, Jan C van - C.E.P.R. Discussion Papers - 2010
Part-time jobs are popular among partnered women in many countries. In the Netherlands the majority of partnered … working women have a part-time job. Our paper investigates, from a supply-side perspective, if the current situation of … abundant part-time work in the Netherlands is likely to be a transitional phase that will culminate in many women working full …
Persistent link: https://www.econbiz.de/10008468702
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Why is there a spike in the job finding rate at benefit exhaustion?
Boone, Jan; Ours, Jan C van - C.E.P.R. Discussion Papers - 2009
Putting a limit on the duration of unemployment benefits tends to introduce a "spike" in the job finding rate shortly before benefits are exhausted. Current theories explain this spike from workers' behavior. We present a theoretical model in which also the nature of the job matters....
Persistent link: https://www.econbiz.de/10008527075