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Beneficiaries of Social Security face restrictions on how much they can earn without incurring the earnings test (ET). In 2000, President Clinton eliminated the ET between age 65 and 70. In this paper I evaluate how this removal impacts the long-term finances of the Trust Fund. I find that...
Persistent link: https://www.econbiz.de/10005012772
It is known that existing measures of intra-generational (within cohorts) redistribution induced by pension schemes may …-distorted measure of intra-generational redistribution in pension systems. The relevance of the distortion induced by inter …-generational transfers is empirically shown in the comparison between pre- and post-reform Italian pension schemes from 1992 to 2004. …
Persistent link: https://www.econbiz.de/10005012796
country’s wealth accumulation, in particular in light of a more fair but less generous pension system. This paper carries out … a macroeconomic analysis of the impact of pension reforms implemented in the nineties on private saving. The evidence … shows no tendency for saving to change in the post-reform period, which is consistent with preliminary results on pension …
Persistent link: https://www.econbiz.de/10005012802
Although the issue of portability of occupational pension rights has been high on the European Union (EU) policy agenda … by ex-ante evaluation of the expected benefits and costs from mobility. The latters include potential pension portability …, pension covered workers are significantly less likely to move only in the United Kingdom, while pension portability losses do …
Persistent link: https://www.econbiz.de/10005012774
significant evidence that the potential pension portability losses deter job mobility among workers covered by these plans. We …. Evidence of compensation premiums accruing to workers in pension, union and health insurance covered jobs supports the view …
Persistent link: https://www.econbiz.de/10005012820
of the marginal utility of leisure. We also performed a simulation study to gauge the effects of a dramatic pension …
Persistent link: https://www.econbiz.de/10008635812
The aging process and the reduction of labor-force participation are matters of much concern in most developed countries, especially for their implication on the sustainability of Social Security systems and for tackling poverty, just to mention few topics. For this reasons the literature on...
Persistent link: https://www.econbiz.de/10005012800
High effective tax rates on work at and around state pension age deter participation. An example is the ‘earnings test … effect of this change, taking account of the opportunity to defer pension rights. Abolition of the rule raised working hours …
Persistent link: https://www.econbiz.de/10005012801
This paper focuses on alternative money’s worth measures of the Italian (public) pension system for representative … most of the transition period, the increase in benefits for an additional year of work, after reaching seniority pension … comparatively small reduction in pension expenditure; iv. a much larger reduction can be obtained if seniority pensions are …
Persistent link: https://www.econbiz.de/10005012825
We analyse the impact of various pension regimes, as shaped by recent Italian reforms, on retirement age, adequacy …
Persistent link: https://www.econbiz.de/10005051742