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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

Pensions and fertility : micro-economic evidence

Danzer, Alexander M.; Zyska, Lennard - 2020

This study identifies the causal effect of pension generosity on women's fertility behavior. It capitalizes on Brazil … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the … contribution base of the Pay-As-You-Go pension system in the long-run. The fertility response is strongest at higher birth parities …

Persistent link: https://www.econbiz.de/10012193368

"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems

Praag, Bernard M. S. van; Cardoso, Pedro - 2001

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/10011339670

Effects of changes in pensions on the age of first benefit receipt : regression discontinuity evidence from repatriated ethnic Germans

Puhani, Patrick A.; Tabbert, Falko - 2015

To estimate the effects of large cuts in pensions on the age of first benefit receipt, we exploit two natural experiments in which such cuts affect a group of repatriated ethnic German workers. The pensions were cut by about 12%, yet, according to our regression discontinuity estimates based on...

Persistent link: https://www.econbiz.de/10010470896

Retirement and voluntary work provision: evidence from the Australian Age Pension reform

Zhu, Rong - 2021

This paper examines the empirical link between retirement and the supply of volunteer labor, using panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. To identify the causal impact, we exploit a major reform of the Australian Age Pension which has significantly...

Persistent link: https://www.econbiz.de/10012604177

How people react to pension risk

Salamanca, Nicolás; Grip, Andries de; Sleijpen, Olaf … - 2020

We show that people exposed to greater pension risk are less likely to invest in risky assets. We exploit a reform that links people's future pension benefits to their pension funds' funding ratio - a measure of the fund's financial health-making funding ratios a fund-specific measure of pension...

Persistent link: https://www.econbiz.de/10012194519

The effect of increasing the early retirement age on savings behavior before retirement

Etgeton, Stefan; Fischer, Björn; Ye, Han - 2019

Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging future employment. Exploiting across cohort variation in...

Persistent link: https://www.econbiz.de/10012133536

Closing routes to retirement : how do people respond?

Geyer, Johannes; Welteke, Clara - 2017

We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension beneficiaries at the same time, if employment exits are...

Persistent link: https://www.econbiz.de/10011641381

Sun, Jessica Ya; Usui, Emiko - 2022

This study uses data from the Singapore Life Panel to investigate the effects of age-related policy reforms on older adult labor supply behaviors in Singapore. We first evaluate the impact of the Retirement and Re-employment Act (RRA) reform in 2017, which raised the maximum re-employment age...

Persistent link: https://www.econbiz.de/10013367591

The effect of pension wealth on employment

Becker, Sebastian; Buslei, Hermann; Geyer, Johannes; … - 2022

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a...

Persistent link: https://www.econbiz.de/10013472034

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