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Pension Reform, Retirement and Life-Cycle Unemployment

Jaag, Christian; Keuschnigg, Christian; Keuschnigg, Mirela - CESifo - 2007

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

Persistent link: https://www.econbiz.de/10005406381

Pension Reform and Labor Market Incentives

Fisher, Walter H.; Keuschnigg, Christian - CESifo - 2007

retirement and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime …

Persistent link: https://www.econbiz.de/10005416505

Designing Benefit Rules for Flexible Retirement with or without Redistribution

Simonovits, András - CESifo - 2004

The traditional approach to flexible retirement (e.g. NDC) neglects the impact of asymmetric information on actuarial … a redistributive second-best benefit-retirement-age schedule. Trying to combine the two approaches, the present paper …

Persistent link: https://www.econbiz.de/10005416474

Permanent Wage Cost Subsidies for Older Workers. An Effective Tool for Increasing Working Time and Postponing Early Retirement?

Albanese, Andrea; Cockx, Bart - CESifo - 2015

In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers … on the employment rate, working time and hourly wage. We estimate these effects by integrating Inverse Probability … small positive short-run impacts on working time and larger ones on the employment rate, but only for employees at high risk …

Persistent link: https://www.econbiz.de/10011257679

The International Spillover Effects of Pension Reform

Adema, Yvonne; Meijdam, Lex; Verbon, Harrie A. A - CESifo - 2005

This paper explores how pension reforms in countries with PAYG schemes affect countries with funded systems. We use a two-country two-period overlapping-generations model, where the countries only differ in their pension systems. We distinguish between the case where a reform potentially leads...

Persistent link: https://www.econbiz.de/10005765666

Ageing and the Tax Implied in Public Pension Schemes: Simulations for Selected OECD Countries

Fenge, Robert; Werding, Martin - CESifo - 2003

increase for generations who are currently young when compared to those who are already approaching retirement. In the paper …

Persistent link: https://www.econbiz.de/10005765707

Public Pensions and Capital Accumulation: The Case of Brazil

Glomm, Gerhard; Jung, Jürgen; Lee, Changmin; Tran, Chung - CESifo - 2005

We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that...

Persistent link: https://www.econbiz.de/10005765903

Growth and the Ageing Joneses

Fisher, Walter H.; Heijdra, Ben J. - CESifo - 2008

-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies … that the growth rate is higher under PAYG. We also consider the implications of an increase in the retirement date under …

Persistent link: https://www.econbiz.de/10005766173

Risk Sharing and Efficiency Implications of Progressive Pension Arrangements

Fehr, Hans; Habermann, Christian - CESifo - 2005

The present paper aims to quantify the welfare effects of progressive pension arrangements in Germany. Starting from a purely contribution-related benefit system, we introduce basic allowances for contributions and a flat benefit fraction. Since our overlapping-generations model takes into...

Persistent link: https://www.econbiz.de/10005766238

When will the Germans Get Trapped in their Pension System?

Uebelmesser, Silke; Sinn, Hans-Werner - CESifo - 2001

The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms are, however, onlyfeasible when they are supported by the majority of the electorate. Todetermine whether the majority is in favor of reforms of the pension system,we calculate...

Persistent link: https://www.econbiz.de/10005094214