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this, I evaluate pension reforms in Soviet Russia in 1964 and 1969 that allowed pensioners to receive a greater share of …
Persistent link: https://www.econbiz.de/10012138755
The paper traces labor market reforms over the last four decades. It provides estimates of retirement incentives for a … performance in Belgium. The results show that the numerous retirement and social security program reforms have had a marked impact …
Persistent link: https://www.econbiz.de/10011903994
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 … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …
Persistent link: https://www.econbiz.de/10011993112
, 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 of the four systems the pension composition. We assume that individual … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012160984
Using data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased market capitalization as well as decreased...
Persistent link: https://www.econbiz.de/10003826138
pension. Men who were employees at age 54 gradually move to part-time work or retire after beginning to receive pension … nor reduce their working hours even after beginning to receive pension benefits; these men are more likely to be …
Persistent link: https://www.econbiz.de/10011449508
We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor … lifetime earnings and future pension benefits. These consequences of caregiving are heterogeneous and depend on age, previous …
Persistent link: https://www.econbiz.de/10014278020
Aging populations in developing countries have spurred the introduction of public pension programs to preserve the …-in-difference-in-differences (DDD) approach how a new pension program impacts inter vivos transfers. We show that pension benefits lower the propensity …
Persistent link: https://www.econbiz.de/10012062263
In this paper, we exploit pension reform-induced changes in retirement eligibility requirements to assess the role of … retirement eligible have a 13 percent higher probability of being employed than those whose mothers are ineligible. The pension … pension reforms in a relatively short time span. Our analysis shows that, among the women studied, those whose own mothers are …
Persistent link: https://www.econbiz.de/10011484525
, according to our regression discontinuity estimates based on administrative pension data, there was no significant delay in the … age of first pension receipt. Based on additional data sources, we find (i) that almost all pension recipients of our … retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10010470896