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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

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

throughout most of the 20th century. In France, for instance, the employment-population ratio of 55-64 year-old males fell from …

Persistent link: https://www.econbiz.de/10005703723

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

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

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

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

Work Capacity and Longer Working Lives in Belgium

Jousten, Alain; Lefèbvre, Mathieu - Institute for the Study of Labor (IZA) - 2015

We explore the link between health indicators and employment rates of the population aged 55 or more. Our focus lies on … work capacity as a key determinant of employment. Using cohort mortality information as a proxy for overall health outcomes …

Persistent link: https://www.econbiz.de/10011274364

Baby-Boom, Baby-Bust and the Great Depression

Bellou, Andriana; Cardia, Emanuela - Institute for the Study of Labor (IZA) - 2014

retirement in the late 1950s and in the 1960s instead freed positions and created employment opportunities. Finally, we show that …

Persistent link: https://www.econbiz.de/10011105406

New Mothers’ Labour Force Participation in Italy: The Role of Job Characteristics

Bratti, Massimiliano; Del Bono, Emilia; Vuri, Daniela - Institute for the Study of Labor (IZA) - 2004

employment stability enjoyed by workers. This implies that in Italy women with highly protected and stable jobs find it easier to …

Persistent link: https://www.econbiz.de/10005763890

The Employment of Mothers: Recent Developments and their Determinants in East and West Germany

Hanel, Barbara; Riphahn, Regina T. - Institute for the Study of Labor (IZA) - 2011

We apply German Mikrozensus data for the period 1996 to 2004 to investigate the employment status of mothers … substantial differences in the employment behavior of East and West German mothers. German family policy sets incentives … particularly for low income mothers not to return to the labor market after birth. East German mothers' employment outcomes matches …

Persistent link: https://www.econbiz.de/10009283583