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different retirement incentives for men and women, with little flexibility in the retirement decision for men and substantially …We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological … modelling of couples' incentives leads to very different patterns of retirement incentives - particularly for women. We apply …
Persistent link: https://www.econbiz.de/10011543602
spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 …Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which … retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of …
Persistent link: https://www.econbiz.de/10011496968
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011455532
This study answers the open question of whether workers respond to financial incentives in a command economy. To do this, I evaluate pension reforms in Soviet Russia in 1964 and 1969 that allowed pensioners to receive a greater share of their pensions if they worked, resulting in a progressive...
Persistent link: https://www.econbiz.de/10012138755
assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial … financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using … with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence …
Persistent link: https://www.econbiz.de/10011986014
better retirement planning. However, relatively little is known about the decision making process for retirement savings … preparation for retirement. This paper investigates the relationship between the financial literacy of members of pre-retirement …
Persistent link: https://www.econbiz.de/10011986020
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
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …
Persistent link: https://www.econbiz.de/10011994093
Aging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make...
Persistent link: https://www.econbiz.de/10012062263
Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …
Persistent link: https://www.econbiz.de/10011580555