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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
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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
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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
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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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Aging, Taxes and Pensions in Switzerland
Keuschnigg, Christian - 2016
with five margins of labor supply: labor market participation, hours worked, job search, retirement, and on … retirement age to 68 years, may limit the tax increases to 4 percentage points of value added tax and reduce the decline of per …
Persistent link: https://www.econbiz.de/10012998268
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Uncertain Altruism and Non-Linear Long-Term Care Policies
Canta, Chiara - 2018
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
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Uncertain Length of Life, Retirement Age, and Optimal Pension Design
Aronsson, Thomas - 2018
In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …
Persistent link: https://www.econbiz.de/10012919245
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Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?
Dolls, Mathias - 2018
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …
Persistent link: https://www.econbiz.de/10012925277
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Optimal Pensions in Aging Economies
Heer, Burkhard - 2015
İmrohoroğlu, İmrohoroğlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the pay-as-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates...
Persistent link: https://www.econbiz.de/10013028781
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Is Social Security Behind the Collapse of Personal Saving?
Caliendo, Frank - 2009
This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...
Persistent link: https://www.econbiz.de/10013157190