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pension benefits through retirement) calculated using more realistic labour market assumptions. These measures are used to …
Persistent link: https://www.econbiz.de/10010746288
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
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
of retirement, as it uses pension wealth - the value of all transfers during retirement. This captures the impact of both … longevity and changes in the value of pensions during retirement. Moreover, rather than focusing only on average earners with … offset by longer retirement. Though reforms have helped address the financial challenge faced by pension systems, in many …
Persistent link: https://www.econbiz.de/10010746427
Sunk costs for R&D are an important determinant of the level of innovation in the economy. In this paper I recover them using a Markov equilibrium framework. The contribution is twofold. First, a model of industry dynamics which accounts for selection into R&D, capital accumulation and...
Persistent link: https://www.econbiz.de/10010745785
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
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
According to Principal-Agent theory, states (the principal) delegate the implementation of a legalized agreement to an international organization (the agent). The conventional wisdom about states’ capacity to control international organizations is that differences among the member states...
Persistent link: https://www.econbiz.de/10010745088