Narrow search
Showing 1 - 10 of 627
Cover Image
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
Cover Image
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
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
Cover Image
Health Status, Disability and Retirement Incentives in Belgium
Jousten, Alain; Lefèbvre, Mathieu; Perelman, Sergio - Institute for the Study of Labor (IZA) - 2013
Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be … identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most … prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special …
Persistent link: https://www.econbiz.de/10011271992
Cover Image
Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data
Jousten, Alain; Lefèbvre, Mathieu - Institute for the Study of Labor (IZA) - 2013
The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore … retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990 … explicitly takes into account the different take‐up rates of the various early retirement exit paths across time and ages. The …
Persistent link: https://www.econbiz.de/10011271996
Cover Image
The Early Retirement Burden: Assessing the Costs of the Continued Prevalence of Early Retirement in OECD Countries
Herbertsson, Tryggvi Thor; Orszag, J. Michael - Institute for the Study of Labor (IZA) - 2003
Despite substantial increases in longevity, the age of retirement in the industrialized countries has steadily fallen … hence separate from the costs of early retirement. This paper develops a simple framework to assess the specific costs of … early retirement and applies it using data from the OECD countries. More significantly, we find that the costs associated …
Persistent link: https://www.econbiz.de/10005703723
Cover Image
Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges
Holzmann, Robert - Institute for the Study of Labor (IZA) - 2012
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10011183994
Cover Image
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
Cover Image
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 …
Persistent link: https://www.econbiz.de/10011163476
Cover Image
Equilibrium Unemployment and Retirement
Hairault, Jean-Olivier; Langot, François; Zylberberg, Andre - Institute for the Study of Labor (IZA) - 2012
As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10011279299
Cover Image
Paid Work after Retirement: Recent Trends in Denmark
Larsen, Mona; Pedersen, Peder J. - Institute for the Study of Labor (IZA) - 2012
participation in the 60+ group. We analyze trends for the early retirement age interval 60-64 and for the age group 65-74 where … has been most pronounced among 60-64-year-olds and among women. We find significant impact on work after retirement from … education, gender, home ownership, aggregate unemployment at the time of retirement, age and education. Being married has a …
Persistent link: https://www.econbiz.de/10011279364