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Reform options for mature defined benefit pension plans : the case of the Netherlands
Gérard, Marc - 2019
The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been...
Persistent link: https://www.econbiz.de/10012001594
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Demographics, pension systems and the saving-investment balance
Chai, Hua; Kim, Jun-il - 2018
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
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Stress Tests for Defined Benefit Pension Plans : A Primer
Impavido, Gregorio - 2011
Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests and illustrate their strengths and weaknesses. Using an Excel-based template with...
Persistent link: https://www.econbiz.de/10014402906
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Company Pension Plans, Stock Market Returns, and Labor Demand
Detragiache, Enrica - 2003
With asset values falling sharply in recent years, many companies around the world are under pressure to restore the solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase labor costs and reduce employment? Does this mechanism...
Persistent link: https://www.econbiz.de/10014403984
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U.S. Private Saving and the Tax Treatment of IRA/401(k)s : A Re-examination Using Household Survey Data
Thomas, Alun H. - 1996
share of assets held in the form of pension savings, at the expense of saving in the form of housing equity. Some evidence … also was found to suggest that the tax treatment of pension savings similarly affected the flow of saving. In particular …
Persistent link: https://www.econbiz.de/10014398152
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The impact of rapid aging and pension reform on savings and the labor supply : the case of China
He, Hui; Ning, Lei; Zhu, Dongming - 2019
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …
Persistent link: https://www.econbiz.de/10012009609
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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10011978549
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Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025
International Monetary Fund - 1989
the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after …
Persistent link: https://www.econbiz.de/10014396157
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The impact of longevity improvements on U.S. corporate defined benefit pension plans
Kisser, Michael; Kiff, John; Oppers, Erik S.; Soto, Mauricio - 2012
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...
Persistent link: https://www.econbiz.de/10009618494
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The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Kiff, John - 2012
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...
Persistent link: https://www.econbiz.de/10014395674