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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

Demographic Change, Social Security Systems, and Savings

Bloom, David E. - 2010

little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …

Persistent link: https://www.econbiz.de/10012760611

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

A Theory of Retirement

Bloom, David E. - 2007

We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure....

Persistent link: https://www.econbiz.de/10012775556

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

The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States

Bloom, David E. - 2010

We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...

Persistent link: https://www.econbiz.de/10012760540

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