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Generational Accounting, Solidarity and Pension Losses
Teulings, Coen N.; Vries, Casper G. de - Institute for the Study of Labor (IZA) - 2003
The creeping stock market collapse eroded the wealth of funded pension systems. This led to political tensions between … generations due to the fuzzy definition of property rights on the pension funds wealth. We argue that this problem can best be … scaled down equiproportionally, and retirement should be postponed. Portfolio investment restrictions are quite costly. …
Persistent link: https://www.econbiz.de/10005761958
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Income Distribution among those of 65 Years and Older in Sweden
Lindquist, Gabriella Sjögren; Wadensjö, Eskil - Institute for the Study of Labor (IZA) - 2012
The population of Sweden is ageing and the number of pensioners is increasing. This means that the incomes of older people and the income differences between older and younger people and among pensioners have become more important in terms of public debate and research. In this paper, we examine...
Persistent link: https://www.econbiz.de/10010559802
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Policies to Create and Destroy Human Capital in Europe
Heckman, James J.; Jacobs, Bas - Institute for the Study of Labor (IZA) - 2009
is both distortionary and inequitable. Early retirement and pension schemes should be made actuarially fairer as they …
Persistent link: https://www.econbiz.de/10008496994
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Effects of Changes in Pensions on the Age of First Benefit Receipt: Regression Discontinuity Evidence from Repatriated Ethnic Germans
Puhani, Patrick A.; Tabbert, Falko - Institute for the Study of Labor (IZA) - 2015
, according to our regression discontinuity estimates based on administrative pension data, there was no significant delay in the … age of first pension receipt. Based on additional data sources, we find (i) that almost all pension recipients of our … retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10011143941
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Shattered Dreams: The Effects of Changing the Pension System Late in the Game
de Grip, Andries; Lindeboom, Maarten; Montizaan, Raymond - Institute for the Study of Labor (IZA) - 2009
This paper assesses the impact of a dramatic reform of the Dutch pension system on mental health, savings behavior and … retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or … later face a substantial reduction in their pension rights while workers born before this threshold date may still retire …
Persistent link: https://www.econbiz.de/10005070418
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Micro-Simulation of Social Security Reforms in Belgium
Desmet, Raphael; Jousten, Alain; Perelman, Sergio; … - Institute for the Study of Labor (IZA) - 2003
The present paper analyzes the budgetary impact of various Social Security reforms in the Belgian institutional setting. Our approach relies on parameters that were derived in Dellis et alii (2002) using a micro-modeling strategy. Focusing our attention on a hypothetical age cohort, we...
Persistent link: https://www.econbiz.de/10005703764
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Do Women Manage Smaller Funds?
Hübler, Olaf; Menkhoff, Lukas - Institute for the Study of Labor (IZA) - 2010
Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at the lower end of the hierarchy, as quantile...
Persistent link: https://www.econbiz.de/10008615436
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Careers and Wage Growth within Large Firms
Lima, Francisco; Pereira, Pedro Telhado - Institute for the Study of Labor (IZA) - 2001
The relationship between the worker’s career path and wage growth is studied using a longitudinal sample of large firms. The econometric analysis shows that promoted workers receive a positive wage premium even if they stay in the same job level. Demotions are associated with negative wage...
Persistent link: https://www.econbiz.de/10005822078
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Returns to Type or Tenure?
Amann, Roland A.; Klein, Tobias J. - Institute for the Study of Labor (IZA) - 2007
We analyze the joint determination of wage levels, wage growth and firm tenure. Our analysis is built on estimating a reduced form for tenure, a structural wage level equation and a structural wage growth equation. We disentangle returns to a latent type variable from estimates of general...
Persistent link: https://www.econbiz.de/10005822095
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How General Is Specific Human Capital?
Gathmann, Christina; Schönberg, Uta - Institute for the Study of Labor (IZA) - 2006
Previous studies assume that labor market skills are either fully general or specific to the firm. This paper uses patterns in mobility and wages to analyze how portable specific skills are in the labor market. The empirical analysis combines data on tasks performed in different jobs with a...
Persistent link: https://www.econbiz.de/10005822260