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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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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
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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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Frühverrentung in Deutschland: Ökonomische Anreize und institutionelle Strukturen
Arnds, Pascal; Bonin, Holger - Institute for the Study of Labor (IZA) - 2002
Das durchschnittliche Rentenzugangsalter in Deutschland liegt erheblich unter der gesetzlichen Regelaltersgrenze … den Ruhestand anreizneutral zu gestalten. Early Retirement in Germany: Institutions and Incentives A substantial fraction … and Social Security institutions. We explain the various pathways to retirement existing in Germany, and assess the …
Persistent link: https://www.econbiz.de/10005763639
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Peer Groups, Employment Status and Mental Well-being among Older Adults in Ireland
Hudson, Eibhlin; Barrett, Alan - Institute for the Study of Labor (IZA) - 2013
Research has shown that employment status, such as being unemployed or retired, can be related to well-being. In addition, the direction and size of these relationships can be influenced by the employment status of one's peer group. For example, it has been shown that the well-being of the...
Persistent link: https://www.econbiz.de/10010960117
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Retirement Patterns of Couples in Europe
Hospido, Laura; Zamarro, Gema - Institute for the Study of Labor (IZA) - 2014
In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe. In particular we test whether women's (men's) transitions out of the labor force are directly related to the actual realization of their...
Persistent link: https://www.econbiz.de/10010791518
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The Effect of Firms' Partial Retirement Policies on the Labour Market Outcomes of Their Employees
Huber, Martin; Lechner, Michael; Wunsch, Conny - Institute for the Study of Labor (IZA) - 2013
In this paper, we assess the impact of firms introducing part-time work schemes for gradual labour market exit of elderly workers on their employees' labour market outcomes. The analysis is based on unique linked employer-employee data that combine high-quality survey and administrative data....
Persistent link: https://www.econbiz.de/10011123403
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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...
Persistent link: https://www.econbiz.de/10011271992
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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). Exploring the longitudinal nature of...
Persistent link: https://www.econbiz.de/10011271996