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income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …
Persistent link: https://www.econbiz.de/10001471766
, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient …In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension … moderate economic conditions. However, the new private pension plans provide scope for further downsizing state pensions …
Persistent link: https://www.econbiz.de/10001623733
-person households (e.g. with a husband and a wife) from the Dutch CentER Savings Survey, we find that wives find saving for old age more …
Persistent link: https://www.econbiz.de/10001605154
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10001573375
Persistent link: https://www.econbiz.de/10001709048
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10001610691
Persistent link: https://www.econbiz.de/10013268893
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The paper studies the demand for foreign graduates at the firm level. Using a unique dataset on recruitment policies of firms in four European countries, the determinants of demand for internationally mobile high-skilled employees are established. I investigate the number, origin, skills, and...
Persistent link: https://www.econbiz.de/10001612813
This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the European Union. Earlier papers measure the presence of immigrants in the local labor market by computing the share of the foreigners in specific regions. This paper, instead, utilizes...
Persistent link: https://www.econbiz.de/10001437668