Showing 1 - 10 of 335
The Chilean pension system was hit hard during 2020-2021 by the withdrawal of 25 per cent of the individual pensions … pensions, including its heterogeneity matrix to simulate the distribution of pension impacts. The withdrawal impact decreases … percent and 37 percent for males and females' new self-financed pensions around the year 2022, which goes to about 56 percent …
Persistent link: https://www.econbiz.de/10014494309
quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions … (DP) or old-age pensions (OAP), de-pending on eligibility rules and the generosity of the two programs. Our policy …
Persistent link: https://www.econbiz.de/10014264162
unanimously declines due to the general equilibrium effects of lower aggregate savings, and welfare losses amount to approximately … to finance pensions at the present level beyond the year 2050 …
Persistent link: https://www.econbiz.de/10012827665
Empirical evidence suggests that individuals often evaluate options relative to a reference point, especially seeking to avoid losses. In this paper, we provide the first welfare analysis under reference-dependent preferences. We decompose the welfare impact of changes in reference points and...
Persistent link: https://www.econbiz.de/10014243670
average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing … replacement rates (pensions relative to earnings) for low-income workers. Despite this progressivity, in some countries, absolute … much more progressive, but still, because low-income workers do not qualify for minimum pensions, between 50-60% of …
Persistent link: https://www.econbiz.de/10014545279
Persistent link: https://www.econbiz.de/10012818586
all EU member countries. This paper focuses on the taxation of Dutch pensions and identifies two classes of problems that … challenge the suitability of deferred pension taxation. First, cash flow taxation of pensions erodes the tax equity objectives …' current system of deferred income taxation of pensions with a frontloaded expenditure tax system …
Persistent link: https://www.econbiz.de/10012827115
families featuring either weak or strong internal ties. When pensions systems are initially introduced, in society with strong …
Persistent link: https://www.econbiz.de/10010274843
This paper studies the first large scale effort by the Brazilian government to increase the social security compliance of self-employed workers using behavioral interventions. In 2014, the Brazilian Ministry of Social Security gradually delivered by postal mail a booklet reminding nearly 3...
Persistent link: https://www.econbiz.de/10011485098
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012842673