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Social security, retirement age and optimal income taxations

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - 2002

It is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such implicit taxation. The point of this paper is that when...

Persistent link: https://www.econbiz.de/10011409410

Are we retiring too early?

Pestieau, Pierre - 2001

The European population is living longer but retiring earlier. More and more individuals are spending an increasing fraction of their life-time relying on retirement benefits. At the same time, social security programs face mounting financial difficulties. The purpose of this paper is to explain...

Persistent link: https://www.econbiz.de/10011399337

Private, social and self-insurance for long-term care in the presence of family help : a political economy analysis

De Donder, Philippe; Pestieau, Pierre - 2013

We study the political determination of the level of social long-term care insurance when voters also choose private insurance and saving amounts. Agents differ in income, probability of becoming dependent and of receiving family help. Social insurance redistributes across income and risk...

Persistent link: https://www.econbiz.de/10009773419

Nursing homes and mortality in Europe : uncertain causality

Flawinne, Xavier; Lefebvre, Mathieu; Perelman, Sergio; … - 2022

The current health crisis has particularly affected the elderly population. Nursing homes have unfortunately experienced a relatively large number of deaths. On the basis of this observation and working with European data (from SHARE), we want to check whether nursing homes were lending...

Persistent link: https://www.econbiz.de/10012817830

Fair long-term care insurance

Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Gregory - 2019

The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...

Persistent link: https://www.econbiz.de/10012024401

Aging, social security design, and capital accumulation

Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2015

This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...

Persistent link: https://www.econbiz.de/10011392492

Taxing pensions

Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016

There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …

Persistent link: https://www.econbiz.de/10011482705

Aging, social security design, and capital accumulation

Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2016

pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both …

Persistent link: https://www.econbiz.de/10011499785

The political economy of social security

Casamatta, Georges; Cremer, Helmuth; Pestieau, Pierre - 2000

We consider a two-period overlapping generations model in which individual voters differ by age and by productivity. In such a setting, a redistributive Pay-As-You-Go system is politically sustainable, even when the interest rate is larger than the rate of population growth. The workers with...

Persistent link: https://www.econbiz.de/10009781530

Inherited wealth and demographic aging

Onder, Harun; Pestieau, Pierre - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10011499894