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Old-age pensions in the NDC systems reflect the accumulated lifetime labour income. Interrupted careers and differences 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...
Persistent link: https://www.econbiz.de/10012926703
, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an … threefold: (i) to briefly review recent and ongoing key changes that are triggering reforms; (ii) to outline the main reform … trends across pension pillars; and (iii) to identify a few areas on which the pension reform community will need to focus to …
Persistent link: https://www.econbiz.de/10013099759
lifecycle labor supply and savings decisions; and that this in turn risks invalidating current reform approaches of a closer …
Persistent link: https://www.econbiz.de/10012978166
The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to many development issues such as poverty reduction and social security, and despite the fact that population ageing will increasingly challenge the developing world. This paper...
Persistent link: https://www.econbiz.de/10013148081
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth … assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male ….We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …
Persistent link: https://www.econbiz.de/10012915326
We use the first three waves of the Household Income and Labour Dynamics in Australia (HILDA) Survey to examine the retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more than half of women appear to be making standard retirement...
Persistent link: https://www.econbiz.de/10014054598
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation in pension wealth across cohorts of workers in Italy after the Amato and Dini reforms of the early 1990s, which introduced a "Notionally Defined Contribution" (NDC) method for...
Persistent link: https://www.econbiz.de/10013324794
Western governments are currently contemplating how to adapt their Pay-As-You-Go pension systems so that these remain financially sustainable, even with an aged population. To the extent that policy-makers haven't already adapted their old age social security schemes, an ageing population thus...
Persistent link: https://www.econbiz.de/10013325056
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10012996521
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10013122108