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Population Aging, Savings Behavior and Capital Markets

Börsch-Supan, Axel H. - 2001

accentuated by fundamental pension reforms that aim at more pre-funding. Population aging changes households' savings behavior and … at the effects of population aging on savings behavior and capital markets therefore adds a new dimension to the …

Persistent link: https://www.econbiz.de/10012787561

The Role of Financial Literacy in Determining Retirement Plans

Clark, Robert L. - 2010

Workers nearing retirement face many important, and often irreversible, choices. We collected detailed demographic and financial literacy data on over 1,500 workers nearing retirement at three large companies to assess how individuals are planning for retirement. Many respondents display limited...

Persistent link: https://www.econbiz.de/10013134999

Entitlement Reforms in Europe : Policy Mixes in the Current Pension Reform Process

Börsch-Supan, Axel H. - 2013

, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and … adaptation of the normal retirement age to increased life expectancy, and more reliance on private savings - elements of a … sustainable but complex multipillar system of pensions and similar entitlement programs …

Persistent link: https://www.econbiz.de/10013085008

Social Security Programs and Retirement Around the World : Reforms and Retirement Incentives – Introduction and Summary

Börsch-Supan, Axel H. - 2018

This is the introduction and summary to the ninth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid 1990s, following decades of decline in the labor force...

Persistent link: https://www.econbiz.de/10012907741

Health, Financial Incentives, and Early Retirement : Micro-Simulation Evidence for Germany

Juerges, Hendrik - 2014

About 20% of German workers retire on disability pensions. Disability pensions provide fairly generous benefits for … retirement behavior, we then simulate changes in the generosity of disability pensions to understand how these changes would …

Persistent link: https://www.econbiz.de/10013059094

Post-Retirement Increases in Pensions in the 1980s : Did Plan Finances Matter?

Allen, Steven G.; Clark, Robert L.; McDermed, Ann A. - 2021

Many firms give post-retirement increases in pension benefits to retirees even though the pension contract does not require such increases. A leading explanation of this behavior is that benefit increases are part of an implicit contract where retirees accept lower initial benefits in return for...

Persistent link: https://www.econbiz.de/10013218418

Post-Retirement Adjustments of Pension Benefits

Allen, Steven G.; Clark, Robert L.; Sumner, Daniel A. - 2021

This paper examines why pension plans increased their liabflities by giving benefit increases to persons no longer working even though almost al lof them were not required to do so by any legally enforceable contract. In our model workers and firms have implicit contracts under which...

Persistent link: https://www.econbiz.de/10013237289

Phasing into Retirement

Allen, Steven G.; Clark, Robert L.; Ghent, Linda - 2021

Employers have been launching phased retirement programs to help workers navigate the transition from work to retirement more effectively. This paper examines the experience of the phased retirement system for tenured faculty in the University of North Carolina system. After phased retirement...

Persistent link: https://www.econbiz.de/10013238688

Pensions and Firm Performance

Allen, Steven G.; Clark, Robert L. - 2021

pensions on firm performance cannot be predicted. Firms with pensions should have lower turnover rates and more efficient … pension coverage is associated with higher productivity, a proposition that is supported by indirect evidence on pensions …

Persistent link: https://www.econbiz.de/10013240642

Golden Years or Financial Fears? Decision Making after Retirement Seminars

Allen, Steven G. - 2015

Many organizations provide retirement planning seminars to their employees as a benefit to help them make better informed retirement decisions. This study examines the participants in 85 seminars conducted by five companies in 2008 and 2009 to determine how much learning takes place and whether...

Persistent link: https://www.econbiz.de/10013035335