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This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10012771200
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10012988229
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to ‘unretire’, i.e., unexpectedly return to work. It also shows that when myopia about habit formation...
Persistent link: https://www.econbiz.de/10005094153
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...
Persistent link: https://www.econbiz.de/10013316338
We study the design of public long-term care (LTC) insurance when the altruism of informal caregivers is uncertain. We consider non-linear policies where the LTC benefit depends on the level of informal care, which is assumed to be observable while children's altruism is not. The traditional...
Persistent link: https://www.econbiz.de/10012912681
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...
Persistent link: https://www.econbiz.de/10005029262
subsidy on private LTC insurance. Interestingly, savings (which goes untaxed in the first-best but plays the role of self …
Persistent link: https://www.econbiz.de/10010693464
“myopic self” emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate …. We show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …
Persistent link: https://www.econbiz.de/10005765789
their quot;myopic selfquot; emerges when labor supply and savings decisions are made. The social welfare function is …) is used for both types. We show that the paternalistic solution does not necessarily imply forced savings for the myopics …
Persistent link: https://www.econbiz.de/10012771645
subsidy on private LTC insurance. Interestingly, savings (which goes untaxed in the first-best but plays the role of self …
Persistent link: https://www.econbiz.de/10013104574