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I estimate the effect of additional pension benefits on women's retirement decisions by examining a German pension …, creating a sharply different slope of benefits for similar women on either side of the kink point. I find that a 100 euro …
Persistent link: https://www.econbiz.de/10012890153
This paper provides a clear and transparent setting to study the effect of additional pension benefits on women …'s retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy … contribution, which led to sharply different slopes of benefits for similar women to the left and to the right of the kink point …
Persistent link: https://www.econbiz.de/10012910725
in the employment rates, particularly between men and women will have a significant impact on pension incomes in NDC … countries. In the paper, we compare the labour market developments in four countries: Germany, Italy, Poland, and Sweden. There … are pronounced differences in the labour market participation in the four countries: high levels of employment in Germany …
Persistent link: https://www.econbiz.de/10012926703
The introduction of NDC public pension scheme in few European countries, such as Latvia, Sweden, Italy, and Poland, in the nineties was motivated, among other things, by the need (i) to ensure the long term financial sustainability of the public pension system by linking pension returns to...
Persistent link: https://www.econbiz.de/10013136949
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10013099759
-sums, monthly payments or both. Women are more likely not to know, as are people with lower levels of education. While one policy …
Persistent link: https://www.econbiz.de/10013076158
This paper estimates the causal effect of income on health outcomes of the elderly and investigates underlying mechanisms by exploiting an income change induced by the launch of China's New Rural Pension scheme (NRPS). Using this policy experiment, we address the endogeneity of pension income by...
Persistent link: https://www.econbiz.de/10013001346
Many defined-benefit pension systems in developed and developing countries use a small set of final years of earnings to compute pension benefits. This provides dynamic incentives to report higher earnings in the final years of the career. In this paper, we document the responses of...
Persistent link: https://www.econbiz.de/10012840954
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...
Persistent link: https://www.econbiz.de/10012843162
The Dutch mandatory pension system consists of two parts: a public pay-as-you-go part that provides a minimum income to all Dutch inhabitants over age 64; and an occupation-specific capital-funded part that provides supplementary retirement income. The goal of this paper is to test for the effect...
Persistent link: https://www.econbiz.de/10012786283