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Precautionary Savings by Natives and Immigrants in Germany
Piracha, Matloob; Zhu, Yu - Institute for the Study of Labor (IZA) - 2007
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about … savings. Using the German Socio-economic Panel data it is shown that, although immigrants have lower levels of savings and are … less likely to have regular savings than natives, the gap is significantly narrowed once we take loan repayments and …
Persistent link: https://www.econbiz.de/10005762210
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Addressing the Legacy Costs in an NDC Reform: Conceptualization, Measurement, Financing
Holzmann, Robert; Jousten, Alain - Institute for the Study of Labor (IZA) - 2010
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution...
Persistent link: https://www.econbiz.de/10008694992
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How to Avoid a Pension Crisis: A Question of Intelligent System Design
Cigno, Alessandro - Institute for the Study of Labor (IZA) - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10008632739
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Enlisting Employees in Improving Payroll-Tax Compliance: Evidence from Mexico
Kumler, Todd J.; Verhoogen, Eric; Frias, Judith A. - Institute for the Study of Labor (IZA) - 2013
Non-compliance of firms with tax regulations is a major constraint on state capacity in developing countries. We focus on an arguably under-appreciated dimension of non-compliance: under-reporting of wages by formal firms to evade payroll taxes. We develop a simple partial-equilibrium model of...
Persistent link: https://www.econbiz.de/10010695866
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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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Will it Last? An Assessment of the 2001 German Pension Reform
Bonin, Holger - Institute for the Study of Labor (IZA) - 2001
, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient … even if returns to pension funds are low due to legal restrictions on savings vehicles. …
Persistent link: https://www.econbiz.de/10005763616
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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 …
Persistent link: https://www.econbiz.de/10005070418
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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
To estimate the effects of large cuts in pensions on the age of first benefit receipt, we exploit two natural experiments in which such cuts affect a group of repatriated ethnic German workers. The pensions were cut by about 12%, yet, according to our regression discontinuity estimates based on...
Persistent link: https://www.econbiz.de/10011143941
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Pension Reform and Labor Supply: Flexibility vs. Prescription
Hernaes, Erik; Markussen, Simen; Piggott, John; Røed, Knut - Institute for the Study of Labor (IZA) - 2015
We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply responses to alternative pension reform strategies relying on improved work incentives (flexibility) or increased access ages (prescription), respectively. We find that increasing...
Persistent link: https://www.econbiz.de/10011163476
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Determinants of Immigrant Homeownership: Examining their Changing Role during the Great Recession and Beyond
Mundra, Kusum; Uwaifo Oyelere, Ruth - Institute for the Study of Labor (IZA) - 2013
, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …
Persistent link: https://www.econbiz.de/10010884298