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This is the introduction and summary to the sixth phase of an ongoing project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the strong relationship across countries between social...
Persistent link: https://www.econbiz.de/10010950785
from Social Security and defined benefit pensions. For the most part, these are stable sums that ensured a major fraction …
Persistent link: https://www.econbiz.de/10010951339
of pensions earned on jobs not covered by Social Security, a key determinant of the size of WEP and GPO adjustments. Also …
Persistent link: https://www.econbiz.de/10010951402
pension benefits and DC balances for those approaching retirement, pensions account for more support in retirement than is … the contributions of pensions as measured in income and wealth data. A number of factors cause the contribution of … pensions to be understated in retirement income data, especially data from the CPS. One factor is a difference in methodology …
Persistent link: https://www.econbiz.de/10010951474
We analyze the influence of health and financial incentives on the retirement behavior of older workers in France, building upon Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: the normal retirement, disability insurance (DI) and...
Persistent link: https://www.econbiz.de/10011271407
About 20% of German workers retire on disability pensions. Disability pensions provide fairly generous benefits for … retirement behavior, we then simulate changes in the generosity of disability pensions to understand how these changes would …
Persistent link: https://www.econbiz.de/10011271458
The paper provides a perspective on the development of the Belgian disability insurance system. Using both survey and administrative data, it sketches a picture of the (changing) factors leading towards disability, as well as the outcomes in terms of program participation. The paper shows the...
Persistent link: https://www.econbiz.de/10009652760
Studies using data from the early 1990s suggested that while the progressive Social Security benefit formula succeeded in redistributing benefits from individuals with high earnings to individuals with low earnings, it was much less successful in redistributing benefits from households with high...
Persistent link: https://www.econbiz.de/10009323436
This paper uses asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age at the beginning of the recession, a potentially...
Persistent link: https://www.econbiz.de/10009353493
This paper examines how labor income volatility and social security benefits can influence lifecycle household portfolios. We examine how much the individual optimally saves and where, taking into account liquid financial wealth and annuities, and stocks as well as bonds. Higher labor income...
Persistent link: https://www.econbiz.de/10008625931