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just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10010746065
This paper examines persistence over time in the performance of fund managers responsible for making the investment decisions of UK pension funds. Previous work on UK pension funds found little evidence of fund manager persistence, but we argue that this may have been due to survivorship bias in...
Persistent link: https://www.econbiz.de/10010746505
In many countries, pension funds based on individual accounts have been affected by high operating costs. Contract theory helps to unravel the nature of such problems: managers of pension funds have strong incentives to manipulate market expectations about their capacity through wasteful...
Persistent link: https://www.econbiz.de/10010746549
location intention at retirement using a recent data set on migrants currently living in France. We found that the migrant …
Persistent link: https://www.econbiz.de/10010745986
pension benefits through retirement) calculated using more realistic labour market assumptions. These measures are used to …
Persistent link: https://www.econbiz.de/10010746288
This article discusses the implications of the decline of National Insurance in Britain, witnessed by its declining share of social security spending and steady dilution of the ‘contributory principle’ on which it was originally based. This decline is not accidental: under governments of the...
Persistent link: https://www.econbiz.de/10010746629
trend is that the retirement incomes drawn from the public pension systems are on the decline, the changes are likely to … their working career if they want to avoid greater risks of poverty during retirement. …
Persistent link: https://www.econbiz.de/10011126478
across EU Member States and identifies policy initiatives that would encourage more flexible and later retirement. The … countries, close to one-half of those of 50 and over are either unemployed or inactive, with reliance either on early retirement … retirement age and this is likely to induce older workers to work longer. There is already some evidence that the effective …
Persistent link: https://www.econbiz.de/10011126489
retirement (the “retirement-consumption puzzle”). Comparing food spending for men retiring involuntarily early (through ill … for some retirees. Evidence on psychological and financial well-being also indicates that the retirement experience of …
Persistent link: https://www.econbiz.de/10011071203
Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement … promotes greater savings. Greater private defined benefit pension wealth encourages earlier retirement, while greater de …¯ned contribution pension wealth has the e®ect of delaying retirement. State pension wealth appears to have no effect on the retirement …
Persistent link: https://www.econbiz.de/10011071212