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How Much Do Means-Tested Benefits Reduce the Demand for Annuities?
Bütler, Monika; Peijnenburg, Kim; Staubli, Stefan - CESifo - 2011
the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …
Persistent link: https://www.econbiz.de/10009150867
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How Much Do Means-Tested Benefits Reduce the Demand for Annuities?
Butler, Monika - 2011
the annuity. Agents trade-off the advantages from annuitization, receiving the wealth-enhancing mortality credit, to the …
Persistent link: https://www.econbiz.de/10013123214
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The Role of the Annuity’s Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change
Bütler, Monika; Staubli, Stefan; Zito, Maria Grazia - CESifo - 2008
This paper presents new evidence on how the annuitization decision is affected by changes in the annuity’s value. We … pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity … of the cash-out decision to variations in a utility based measure for the annuity value is comparable to results of …
Persistent link: https://www.econbiz.de/10005766167
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Should you Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds
Buetler, Monika; Teppa, Federica - CESifo - 2005
annuity and a lump sum at retirement. Our analysis suggests the existence of an “acquiescence bias”, meaning that a majority …’s worth of an annuity is considerably below the corresponding value of married men, are not more likely to choose the capital …
Persistent link: https://www.econbiz.de/10005405926
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Mandatory Participation in Occupational Pension Schemes in the Netherlands and Other Countries
Chen, Damiaan - 2014
This paper discusses mandatory participation in Dutch occupational pension schemes. While mandatory participation is a historical feature of most second-pillar pension arrangements, some recent developments may affect the case for mandatory participation. The main ones are the revision of the...
Persistent link: https://www.econbiz.de/10013059046
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The Effect of Firms' Partial Retirement Policies on the Labour Market Outcomes of Their Employees
Huber, Martin - 2013
In this paper, we assess the impact of firms introducing part-time work schemes for gradual labour market exit of elderly workers on their employees' labour market outcomes. The analysis is based on unique linked employer-employee data that combine high-quality survey and administrative data....
Persistent link: https://www.econbiz.de/10013078541
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Why Mandate Young Borrowers to Contribute to Their Retirement Accounts?
Andersen, Torben M. - 2017
Many countries, in an effort to address the problem that too many retirees have too little saved up, impose mandatory contributions into retirement accounts, that too, in an age-independent manner. This is puzzling because such funded pension schemes effectively mandate the young, who wish to...
Persistent link: https://www.econbiz.de/10012949375
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Evidence on Individual Preferences for Longevity Risk
Delprat, Gaëtan - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10013082967
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The Role of the Annuity's Value on the Decision (Not) to Annuitize : Evidence from a Large Policy Change
Butler, Monika - 2008
This paper presents new evidence on how the annuitization decision is affected by changes in the annuity's value. We … pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity … of the cash-out decision to variations in a utility based measure for the annuity value is comparable to results of …
Persistent link: https://www.econbiz.de/10012770521
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Longevity Shocks with Age-Dependent Productivity Growth
Heijdra, Ben J. - 2015
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...
Persistent link: https://www.econbiz.de/10013021702