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Annuity Market Imperfection, Retirement and Economic Growth

Heijdra, Ben J. - 2009

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

Persistent link: https://www.econbiz.de/10013157843

Lessons of the Financial Crisis for the Design of National Pension Systems

Burtless, Gary - 2009

The recent financial crisis and historical record suggest important lessons about the design of national pension systems. First, wide fluctuation in asset returns makes it hard for well-informed savers to select a saving rate or a sensible investment strategy for DC pensions. Workers who follow...

Persistent link: https://www.econbiz.de/10013157457

Taxing Pensions and Retirement Benefits in Germany

Börsch-Supan, Axel H. - 2016

The paper motivates and describes the tax treatment of German retirement benefits and pensions after the 2005 reform … field" among the many instruments generating retirement income in Germany. The paper briefly outlines rational principles … for the taxation of retirement benefits and pensions and compares these with current practice in Germany and abroad …

Persistent link: https://www.econbiz.de/10013001171

Taxes and Pensions

Diamond, Peter A. - 2009

Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …

Persistent link: https://www.econbiz.de/10013160217

Pension Funding and Individual Accounts in Economies with Life-Cyclers and Myopes

Fehr, Hans - 2009

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts … retirement plans. Three major findings are derived in our study: First, we quantify the commitment effect of social security for …

Persistent link: https://www.econbiz.de/10013157654

Optimum Taxation of Life Annuities

Brunner, Johann K. - 2006

The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated. The paper shows that a linear tax on annuity...

Persistent link: https://www.econbiz.de/10012781543

Stimulating Annuity Markets

Heijdra, Ben J. - 2014

We study the short-, medium-, and long-run implications of stimulating annuity markets in a dynamic general-equilibrium overlapping-generations model. We find that beneficial partial-equilibrium effects of stimulating annuity markets are counteracted by negative general-equilibrium...

Persistent link: https://www.econbiz.de/10013051616

Taxing Pensions

Cremer, Helmuth - 2016

There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...

Persistent link: https://www.econbiz.de/10012988229

Differentiated Annuities in a Pooling Equilibrium

Sheshinski, Eytan - 2021

Regular annuities provide payment for the duration of an owner's lifetime. Period-Certain annuities provide additional payment after death to a beneficiary provided the insured dies within a certain period after annuitization. It has been argued that the bequest option offered by the latter is...

Persistent link: https://www.econbiz.de/10013317340

Personal Security Accounts and Mandatory Annuitization in a Dynastic Framework

Imrohoroglu, Selahattin; Imrohoroglu, Ayse; Fuster, Luisa - 2021

mandatory annuitization of accumulated PSA wealth at retirement is welfare enhancing, and if so, for what type of individuals … accumulate retirement wealth faster through PSAs, and finally, requiring some level of annuitization of this wealth appear …

Persistent link: https://www.econbiz.de/10013318719

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