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Do Mobile Pensioners Threaten the Deferred Taxation of Savings?
Meier, Volker - 2013
policy consists in full deferral of income taxes on savings and a full taxation of interest. Mobility of the old calls for … savings in combination with full tax exemption on capital income …
Persistent link: https://www.econbiz.de/10013092244
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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
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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 on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10013157843
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Endogenous Differential Mortality, Non-Contractible Effort and Non Linear Taxation
Leroux, M.‐L. - 2009
impact of survival on the return of their savings. We also claim that because of its non-monetary form, effort is not … of annuitized savings is desirable for both types. This tax is higher for the low-survival individual. Under asymmetric …
Persistent link: https://www.econbiz.de/10012764527
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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 … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10012925277
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Risk Sharing in Defined-Contribution Funded Pension Systems
Beetsma, Roel M. W. J. - 2011
This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equivalent variations. While...
Persistent link: https://www.econbiz.de/10013118167
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Progressive Tax Changes to Superannuation in a Lifecycle Framework
Kudrna, George - 2016
This paper provides a quantitative analysis of hypothetical replacements of existing tax arrangements applied to superannuation (Australia's term for private pensions) with traditional EET and TEE regimes. These taxation regimes exempt pension fund earnings from any taxation and tax either...
Persistent link: https://www.econbiz.de/10013001098
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Longevity Risk and Taxation of Public Pensions
Lassila, Jukka - 2016
We study transitions from EET tax regime to TEE regime in a defined-benefit pension scheme with a numerical overlapping generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity rules, such as a link between life expectancy...
Persistent link: https://www.econbiz.de/10013001164
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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 initiated by the German Federal Constitutional Court. The main question is whether this reform has produced a "level playing field" among the many instruments generating...
Persistent link: https://www.econbiz.de/10013001171
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Decomposition of Demographic Effects on the German Pension System
Fenge, Robert - 2018
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10012926557