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Generational accounting, solidarity and pension losses
Teulings, Coen N. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001875426
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Addressing longevity heterogeneity in pension scheme design and reform
Ayuso, Mercedes; Bravo, Jorge Miguel Ventura; Holzmann, … - 2016
This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...
Persistent link: https://www.econbiz.de/10011581722
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012160984
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NDC: the generic old-age pension scheme
Góra, Marek; Palmer, Edward E. - 2019
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10011993112
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Is social security secure with NDC?
Boeri, Tito; Galasso, Vincenzo - 2010
The introduction of NDC public pension scheme in few European countries, such as Latvia, Sweden, Italy, and Poland, in … accounts. However, some degree of political involvement with the working of the pension systems has continued (f.e., in Italy … with a discontinuous working history in Italy and Sweden suggest that the replacement rates will be low, unless the …
Persistent link: https://www.econbiz.de/10009153047
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The impact of life-course developments on pensions in the NDC systems in Poland, Italy and Sweden and point system in Germany
Chłoń-Domińczak, Agnieszka; Góra, Marek; Kotowska, … - 2018
countries. In the paper, we compare the labour market developments in four countries: Germany, Italy, Poland, and Sweden. There … and Sweden are in contrast with low levels of employment in Italy and Poland. In the latter two countries, there is also a …
Persistent link: https://www.econbiz.de/10011798236
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Pension investments in employer stock
Even, William E. (contributor);  … - 2006
This study examines the consequences of a pension fund investing in the stock of the sponsoring firm. Using a merger of data on pension asset holdings from IRS Form 5500 filings and financial data on the company's stock from CRSP, two broad questions are addressed: First, what factors influence...
Persistent link: https://www.econbiz.de/10003384906
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What do unions do to pension performance?
Even, William E.; Macpherson, David A. - 2010
This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...
Persistent link: https://www.econbiz.de/10009153570
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The growth of participant direction in defined contribution plans
Even, William E.; Macpherson, David A. - 2009
Since 1990, most pension plans have shifted the responsibility for directing pension assets to the employee. This study summarizes some of the possible explanations for this rapid shift toward participant direction and uses IRS Form 5500 data to investigate the effect of worker and plan...
Persistent link: https://www.econbiz.de/10003829728
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Gender, financial literacy and pension savings
Preston, Alison; Wright, Robert E. - 2022
Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey this paper examines the relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18-64 in 2018. A simple theoretical model is...
Persistent link: https://www.econbiz.de/10013187217