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society. We find that lowering the pension replacement rate and increasing the retirement age can have strong labor market …
Persistent link: https://www.econbiz.de/10005125671
Persistent link: https://www.econbiz.de/10005408402
Pension reform is now on the national agenda in most post-Soviet countries. These countries have highly informalized economies, which means that large areas of economic activity go unreported to the authorities. This paper deals with the problem of pension reform in a highly informalized...
Persistent link: https://www.econbiz.de/10005408432
partly by the relatively low share of the funded component of the retirement premium. It is shown that considerable cost … strategy for retirement purposes. Several possible candidates for benchmarks are proposed. …
Persistent link: https://www.econbiz.de/10005412460
indicate that if definite changes in retirement rates are not forthcoming, the pressure for tax tightening in the near future …
Persistent link: https://www.econbiz.de/10005412491
The paper is an updated first performance evaluation study of the Polish pension funds operating from 1999. The unconditional performance evaluation models are used. It is shown that pension fund managers did produce additional value due to active management. Therefore, unsatisfactory overall...
Persistent link: https://www.econbiz.de/10005413168
Most workers in developing countries have no access to pensions in old age. Well-intentioned reformers have concentrated on privatization, but this does nothing to expand coverage. Non-contributory, universal pensions automatically protect an entire population, in a way that contributory...
Persistent link: https://www.econbiz.de/10005556908
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
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