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Persistent link: https://www.econbiz.de/10003647217
of a permanent income shock. Compared to existing empirical estimates for the same dataset, our findings suggest that …
Persistent link: https://www.econbiz.de/10011551036
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/10003850157
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...
Persistent link: https://www.econbiz.de/10003923525
The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension …
Persistent link: https://www.econbiz.de/10003202784
crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10009781686
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/10011782119
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal …
Persistent link: https://www.econbiz.de/10012288024
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/10011482705
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583