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Aging, taxes and pensions in Switzerland

Keuschnigg, Christian - 2016

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

Persistent link: https://www.econbiz.de/10011416024

Funded and unfunded pension schemes : risk, return and welfare

Miles, David - 2000

pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …

Persistent link: https://www.econbiz.de/10009781509

Do retirement savings increase in response to information about retirement and expected pensions?

Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2018

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … 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/10011782119

Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets

Miles, David; Černý, Aleš - 2001

importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

Persistent link: https://www.econbiz.de/10011398101

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/10003872414

Forced saving, redistribution and nonlinear social security schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

selfʺ emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

Persistent link: https://www.econbiz.de/10003720340

What is an adequate standard of living during retirement?

Binswanger, Johannes; Schunk, Daniel - 2009

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

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...

Persistent link: https://www.econbiz.de/10010479952

One pillar crumbling, the others too short : old-age provision in Germany

Werding, Martin - 2016

Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked …

Persistent link: https://www.econbiz.de/10011429583

The politics of aging and retirement : evidence from Swiss referenda

Bello, Piera; Galasso, Vincenzo - 2018

Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...

Persistent link: https://www.econbiz.de/10011882293