Showing 1 - 10 of 10
improvements in wellbeing arising from the provision of public pensions. To the extent households adjust their savings and … indicate smoothing of consumption through savings or other mechanisms. Finally, our limited happiness measures show no …
Persistent link: https://www.econbiz.de/10012757959
This is the introduction and summary to the fourth phase of an ongoing project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the strong relationship across countries between social...
Persistent link: https://www.econbiz.de/10012757997
The single most important long run fiscal issue facing the developed world is the aging of its populations. In virtually every developed country, there will be a steep increase in the ratio of the elderly to the working age population over the first half of the 21st century. The purpose of our...
Persistent link: https://www.econbiz.de/10013215344
We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the changes in the present discounted value of Social Security...
Persistent link: https://www.econbiz.de/10013225944
A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives on male retirement. We implement forward-looking models...
Persistent link: https://www.econbiz.de/10013226551
The populations in all industrialized countries are aging rapidly and life life expectancies are increasing. Yet older workers are leaving the labor force at younger and younger ages. In some countries, the labor force participation rates of 60 to 64 year old men have fallen by 75% over the past...
Persistent link: https://www.econbiz.de/10013234936
Government transfers to older persons in Canada are one of the largest and fastest growing" components of the government budget. I provide an overview of the interaction between these" transfer programs and retirement behavior. I begin by documenting historical trends in labor force"...
Persistent link: https://www.econbiz.de/10013211647
Like most other developed nations, Canada has a large income security system for retirement that provides significant and widely varying disincentives to work at older ages. Empirical investigation of their effects has been hindered by lack of appropriate data. We provide an empirical analysis...
Persistent link: https://www.econbiz.de/10013244881
We explore the fiscal implications of reforms to the Canadian retirement income system by decomposing the fiscal effect of reforms into two components. The mechanical effect captures the change in the government's budget assuming no behavioral response to the reform. The second component is the...
Persistent link: https://www.econbiz.de/10013230170
current program costs. The savings amount to as much a 1 percent or more of country GDP. The results make clear that reforms …
Persistent link: https://www.econbiz.de/10013229088