Showing 1 - 10 of 141
Paper presents a survey of five different approaches to retirement decision analysis. Simple life cycle labour supply … retirement decision as a static approach. Comparative static version of this model enables the determination of income, wealth … and social security on retirement decisions, but does not include neither the preference parameters of the individual or …
Persistent link: https://www.econbiz.de/10005135080
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
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
”), rather than a sudden change from full-time work to full-time retirement. Pension regulations may impede phased retirement … 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 …
Persistent link: https://www.econbiz.de/10005408351
The international literature on minimum wage greatly lacks empirical evidence from developing countries. In Brazil, not … only are increases in the minimum wage large and frequent but also the minimum wage has been used as anti-inflation policy … in addition to its social role. This paper estimates the effects of the minimum wage on employment using monthly …
Persistent link: https://www.econbiz.de/10005125721
This paper highlights the social costs from non-price rationing of the labour force due to the minimum wage. By short …-circuiting the ability of low reservation-wage workers to underbid high-reservation wage workers, the minimum wage interferes with … firms can evade part or all of the minimum wage, an extra deadweight loss arises. Firms with high evasive ability but low …
Persistent link: https://www.econbiz.de/10005125784
There is very little evidence on the effects of the minimum wage on prices in the international literature and none … whatsoever for developing countries. This paper analyzes the effects of the minimum wage on prices using monthly Brazilian … wage debate. Employment might not be affected if firms are able to pass through to prices the higher labour costs …
Persistent link: https://www.econbiz.de/10005076509
paper estimates the effects of the minimum wage on both wages and employment using panel data techniques and monthly …The international literature on minimum wage greatly lacks empirical evidence from developing countries. Brazil …’s minimum wage policy is a distinctive and central feature of the Brazilian economy. Not only are increases in the minimum wage …
Persistent link: https://www.econbiz.de/10005076541
capitalized in its value which compensates the land-owning pensioners for reduced benefits. We also explain why the PAYG system … may have lost its appeal even for pensioners after its introduction. …
Persistent link: https://www.econbiz.de/10005076589
the development of university teachers salaries the last 20-30 years and gives the details of the remuneration system as … well as its impact on wage development and wage dispersion within the university community. The effect of the changed … university teachers, work incentives, salaries. …
Persistent link: https://www.econbiz.de/10005125717