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Labor Supply and the Pension-Contribution Link

French, Eric; Lindner, Attila; O'Dea, Cormac; Zawisza, … - National Bureau of Economic Research - 2022

We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting Poland's switch from a Defined Benefit to a Notional Defined Contribution scheme for men born after 1948. Using the universe of taxpayers and this sharp cohort-based discontinuity in...

Persistent link: https://www.econbiz.de/10013334402

The Life-Cycle Personal Accounts Proposal for Social Security : A Review

Shiller, Robert J. - 2005

The life-cycle accounts proposal for Social Security reform has been justified by its proponents using a number of different arguments, but these arguments generally involve the assumption of a high likelihood of good returns on the accounts. A simulation is undertaken to estimate the...

Persistent link: https://www.econbiz.de/10012467384

Social Security, Bequests, and the Life Cycle Theory of Saving : Cross-Sectional Tests

Blinder, Alan S. - 1981

tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of …") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of … issues econometrically, an equation for assets is developed from the strict life-cycle theory. The specification is …

Persistent link: https://www.econbiz.de/10012478504

Retirement Responses to Early Social Security Benefit Reductions

Mitchell, Olivia S. - 2000

This paper evaluates potential responses to reductions in early Social Security retirement benefits. Using the Health and Retirement Study (HRS) linked to administrative records, we find that Social Security coverage is quite uneven in the older population: one-quarter of respondents in their...

Persistent link: https://www.econbiz.de/10012470773

Social Security Money's Worth

Geanakoplos, John - 2000

This paper describes how three money's worth measures the benefit-to-tax ratio, the internal rate of return, and the net present value are calculated and used in analyses of social security reforms, including systems with privately managed individual accounts invested in equities. Declining...

Persistent link: https://www.econbiz.de/10012471081

Why a Funded Pension System is Useful and Why It is Not Useful

Sinn, Hans-Werner - 2000

Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...

Persistent link: https://www.econbiz.de/10012471177

Social Security Reform and Labor Supply

Gustman, Alan L. - 1983

A structural life-cycle retirement model with an improved specification over previous models is used to analyze and compare the long-run labor supply effects of the rules for Social Security in place in 1972,1977 and 1983, and for an actuarially fair system. The effects of separate provisions...

Persistent link: https://www.econbiz.de/10012477887

Pensions as Severance Pay

Lazear, Edward P. - 1982

Earlier claims that pensions serve as severance pay are corroborated by a new data set drawn from the 1980 Banker's Trust corporate pension plan study. A model is developed that shows how pension values which vary with the age of retirement make both workers and firms better off by moving the...

Persistent link: https://www.econbiz.de/10012478163

Welfare and Generational Equity in Sustainable Unfunded Pension Systems

Auerbach, Alan J. - 2009

We evaluate several actual and hypothetical sustainable PAYGO pension structures, including: (1) versions of the US Social Security system with annual adjustments of taxes or benefits to maintain fiscal balance; (2) Sweden's Notional Defined Contribution system and several variants developed to...

Persistent link: https://www.econbiz.de/10012463965

Transition to a Fully Funded Pension System : Five Economic Issues

Feldstein, Martin - 1997

This paper provides a relatively nontechnical discussion of the effects of shifting from a pay-as-you-go system of Social Security pensions to a fully funded plan based on individual accounts. The analysis discusses the rationale for such a shift and deals with five common problems: (1) the...

Persistent link: https://www.econbiz.de/10012472664

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