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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
Auerbach et al. (1995), document the dramatic postwar increase in the annuitization of the resources of America's elderly. Gokhale et al. (1996) suggest that greater annuitization may explain the significant postwar rise in the consumption propensity of the elderly out of remaining lifetime...
Persistent link: https://www.econbiz.de/10005625933
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
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
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
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
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 … chiefdoms. The article demonstrated the theory’s plausibility using the example of the EU. It has implications for the …
Persistent link: https://www.econbiz.de/10010745088
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