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, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … full pensionable age generates the largest responses in labor supply and retirement behavior. …
Persistent link: https://www.econbiz.de/10009195630
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008645018
Russia and Ukraine are in the process of many changes stemming from economic transition, restructuring, demographic change and other various ongoing challenges. In terms of the ongoing challenges in each country, there are specific problems related to historical developments, such as large scale...
Persistent link: https://www.econbiz.de/10008470334
Versicherten kam. Diese Quersubventionierung wird im Hinblick auf die steigende Bedeutung privater Altersvorsorge diskutiert. …
Persistent link: https://www.econbiz.de/10005068868
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced...
Persistent link: https://www.econbiz.de/10008519435
Since the turn of the millennium the problem of credibility of the social security system has spread to the private pension funds sector. This is evident for those countries, like Australia and Iceland, that have very large funded pensions assets as a result of strong pension reforms. The...
Persistent link: https://www.econbiz.de/10005069039
regressions. We also find heterogeneity in retirement effects among birth cohorts, the level of household wealth, and the level of …The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found … relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the …
Persistent link: https://www.econbiz.de/10010555252
expectancies at retirement and in the length of non-contribution periods resulting, for example, from child care or care for an ill …
Persistent link: https://www.econbiz.de/10008645019
deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …
Persistent link: https://www.econbiz.de/10011128863
stable across specifications. There is evidence for a share of precautionary wealth of about 14 to 17 percent. …
Persistent link: https://www.econbiz.de/10009360169