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Persistent link: https://www.econbiz.de/10010522804
(relative to pre-retirement income), consistent with the state provision of all forms of social insurance. The system was …
Persistent link: https://www.econbiz.de/10012557864
"The author studies annuity rates in Chile and relates them with industry competition. He finds (1) that annuity insurance companies paying higher broker commissions paid lower annuity rates; and (2) a structural break of the long-run elasticity of annuity rates to the risk-free rate in 2001....
Persistent link: https://www.econbiz.de/10010522090
"Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability of data. The authors use a panel of life insurance...
Persistent link: https://www.econbiz.de/10010522132
This review of consumer protection and financial literacy (CPFL) in the private pensions and securities sectors in Rwanda complements the 2013 review of Rwanda's banking, microfinance, and insurance sectors. As noted previously, the institutional elements of the formal financial sector in Rwanda...
Persistent link: https://www.econbiz.de/10012248142
Pension, to most people, implies a regular payment from a specific age-such as retirement-until death. Individual … retirement accounts are a vehicle for retirement savings but they do not become a pension in the conventional sense of the word … expectancy is normally uncertain. So people would have to spend accumulated wealth slowly after retirement to ensure an adequate …
Persistent link: https://www.econbiz.de/10012556333
Notional accounts are designed to mimic a defined contribution plan, where the pension depends on contributions and investment returns. (For this reason, they are sometimes called notional, defined-contribution schemes). Pension contributions are tracked in accounts which earn a rate of return....
Persistent link: https://www.econbiz.de/10012556339
The issue of the retirement age is fundamentally linked to policies on social protection. It is an issue that … law in Vietnam, several options were presented for changing the retirement age of women. However, the National Assembly …'s retirement age in Vietnam to serve as a basis for further consultation and policy dialogue with the Government. …
Persistent link: https://www.econbiz.de/10012550889
This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries …, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to … between early retirement and incentives in the pension system, a result confirmed by other international studies and by more …
Persistent link: https://www.econbiz.de/10012556539
A pension system is at the heart of social protection. By ensuring income security for older persons and other vulnerable groups, it prevents poverty, reduces inequality, and facilitates consumption smoothing. A pension system also affects the working population's labor market choices and has...
Persistent link: https://www.econbiz.de/10015058669