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We explore the role of financial and pension information in increasing women's knowledge and awareness of their future … pension status, and consequently, in reducing the gender pension gap. A representative sample of 1249 Italian working women … 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
We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are …
Persistent link: https://www.econbiz.de/10003121038
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … to study this question. As of 2005 (with a phase-in period between 2002-04), the German pension administration started to … send out annual letters providing detailed and comprehensible information about the pension system and individual expected …
Persistent link: https://www.econbiz.de/10011782119
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/10003813601
When behavioral biases have varying sizes, and the State seeks to correct behavior through compulsion, the question is how to design optimal compulsion. One argument is that the amount of compulsion should rise with the size of the bias to be "cured". A contrary argument is that since compulsion...
Persistent link: https://www.econbiz.de/10009009699
Aging societies will have to rely increasingly on private savings to finance retirement. The natural savings vehicles … defined contributions or price-indexed plans. Capital income taxes and pension trust funds can play a supporting role for risk …
Persistent link: https://www.econbiz.de/10011398905
occupational pension schemes is urgently needed. Thus far, steps in this direction have been half-hearted, and the financial crisis …
Persistent link: https://www.econbiz.de/10011429583
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
superannuation (Australia.s term for private pensions) with traditional EET and TEE regimes. These taxation regimes exempt pension … assets as well as reduced pension expenditures. …
Persistent link: https://www.econbiz.de/10011404438
If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people … the retirement income is deemed sufficient and the pension plan avails withdrawal of benefits. We provide evidence using … individual data from a selection of Swiss pension funds, allowing us to perfectly control for pension scheme details. Our …
Persistent link: https://www.econbiz.de/10002757821