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We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as...
Persistent link: https://www.econbiz.de/10012919500
Economists have mainly focused on human capital accumulation and considerably less on the causes and consequences of human capital depreciation in late adulthood. Studying human capital depreciation over the life cycle has powerful economic consequences for decision-making in old age. Using data...
Persistent link: https://www.econbiz.de/10013314824
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
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10012870259
This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...
Persistent link: https://www.econbiz.de/10012978166
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
Pension schemes in the Netherlands allow workers to redistribute their own pension wealth to increase the survivor pension of their partner. However, due to lacking communication and knowledge of survivor pensions among workers, and also due to the lack of transparent products and choice...
Persistent link: https://www.econbiz.de/10012862461
Over 200 million people live outside their country of birth and experience large gains in material well-being by moving to where wages are higher. But the effect of this migration on health is less clear and existing evidence is ambiguous because of the potential for self-selection bias. In this...
Persistent link: https://www.econbiz.de/10013136954
occupation in which they work. We find that migrants living in New Zealand for less than 5 years are on average overeducated …, while earlier migrants are on average undereducated. However, once accounting for heterogeneity, we find that both … overeducated and undereducated migrants become, with increasing years of residence in New Zealand, more similar to comparable …
Persistent link: https://www.econbiz.de/10013137556
; there are large benefits from migration in terms of postgraduate education; most high-skilled migrants from poorer countries … knowledge flow from both current and return migrants about job and study opportunities abroad, but little net knowledge sharing … from current migrants to home country governments or businesses. Finally, the fiscal costs vary considerably across …
Persistent link: https://www.econbiz.de/10013139051