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derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement …We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … and a broader definition of retirement including inactivity, while controlling for unobserved heterogeneity. We find that …
Persistent link: https://www.econbiz.de/10011255520
scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform. …
Persistent link: https://www.econbiz.de/10011256966
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …
Persistent link: https://www.econbiz.de/10011257328
This paper examines the effect of a housing assistance program on school enrollment, child labor and poverty reduction among poor families in Ecuador. Administrative data is merged to a household panel to link the history of a voucher application with socioeconomic information. Two empirical...
Persistent link: https://www.econbiz.de/10011255639
We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...
Persistent link: https://www.econbiz.de/10011255744
It is well known that the take-up rate of the Dutch housing benefit and othermeans tested benefits is substantially below 100%. In order to measure non-take up oneusually has to simulate entitlement to the benefits. In this paper we take a closer look atthe quality of the simulation. We find...
Persistent link: https://www.econbiz.de/10011257102
This discussion paper led to a publication in <A href="http://www.springerlink.com/index/J107501580204223.pdf">'De Economist'</A>, 159(3), 323-360.<p>We investigate numerically how indexation of funded pensions for inflation can be differ-entiated across the various groups of fund participants. The pension arrangement is modelledafter the Dutch situation. While the...</p></a>
Persistent link: https://www.econbiz.de/10011255723
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011255727
-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that <I …
Persistent link: https://www.econbiz.de/10011256549
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10011256605