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endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …
Persistent link: https://www.econbiz.de/10005181523
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
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
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10005181353
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
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
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
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
-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
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