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The main objective of this paper is to go deeper into the “annuity puzzle” by introducing the altruistic and strategic bequest motive and determining whether this really is a relevant factor affecting the theoretical decision to purchase life annuities. With this end in view we develop an...
Persistent link: https://www.econbiz.de/10005125995
We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …
Persistent link: https://www.econbiz.de/10005126354
LISTE EINIGER WICHTIGER ABKÜRZUNGEN 4 ZUM GELEIT 6 EINFÜHRUNG UND PROBLEMAUFRISS - INTERNATIONALE SOZIALPOLITIK BEDEUTET FÖRDERUNG DER KONVERGENZ DER LEBENSBEDINGUNGEN 7 TEIL A: SOZIALRECHT UND SOZIALPOLITIK DER EU 14 1) ENTWICKLUNGSLINIEN UND GRUNDPRINZIPIEN DER EUROPÄISCHEN SOZIALPOLITIK...
Persistent link: https://www.econbiz.de/10005556821
There are two aims to this paper: firstly, to provide an objective technical assessment of the current situation of the contributory pension system in Spain and its prospects for the future, and secondly, to look at the issues surrounding the introduction of a system of notional defined...
Persistent link: https://www.econbiz.de/10005560969
without a switch of employers by prohibiting access to pension assets. This study uses Health and Retirement Survey data to …Many workers reveal a preference for a gradual reduction in work hours as they approach retirement (“phased retirement …”), rather than a sudden change from full-time work to full-time retirement. Pension regulations may impede phased retirement …
Persistent link: https://www.econbiz.de/10005408351
How do people respond to matched-savings incentives? Studies of 401(k) plans find that matching increases participation but that higher match rates do not increase--and may decrease--the level of savings. This paper analyzes saving by low-income people in Individual Development Accounts (IDAs),...
Persistent link: https://www.econbiz.de/10005134986
I analyze the effects associated with the introduction of the earnings test on older Czech males' labor supply in 1996. Using data from the Labor Force Survey, I apply a difference-in-differences estimator to measure the effect of the policy change in the Czech pension scheme using a sample of...
Persistent link: https://www.econbiz.de/10005076532
This paper will try to explain the “annuities puzzle” in greater depth by introducing the bequest motive, both strategic and altruistic. It will try to determine whether this motive really is a relevant feature influencing the demand for lifetime annuities by married couples. With this aim...
Persistent link: https://www.econbiz.de/10005560987
, greenhouse gas abatement and consumer protection. An overarching review of the health system and further reform in vocational …
Persistent link: https://www.econbiz.de/10005118883
This research demonstrates that human capital accumulation by the poor is only possible if a minimum level of health … and health care, and finance is not available for this purpose, a poverty trap exists with low health, education and … nutrition and health impairing human potential, and in particular early child development. This link between health and …
Persistent link: https://www.econbiz.de/10005125667