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This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly … significantly reduce the effects of heterogeneity in longevity through changes in pension design. The paper suggests and explores a …
Persistent link: https://www.econbiz.de/10012978166
The introduction of NDC public pension scheme in few European countries, such as Latvia, Sweden, Italy, and Poland, in … accounts. However, some degree of political involvement with the working of the pension systems has continued (f.e., in Italy … with a discontinuous working history in Italy and Sweden suggest that the replacement rates will be low, unless the …
Persistent link: https://www.econbiz.de/10013136949
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance …
Persistent link: https://www.econbiz.de/10012870259
countries. In the paper, we compare the labour market developments in four countries: Germany, Italy, Poland, and Sweden. There … and Sweden are in contrast with low levels of employment in Italy and Poland. In the latter two countries, there is also a …
Persistent link: https://www.econbiz.de/10012926703
benefits. Of these two distinct policy approaches to coping with the fiscal consequences of improving longevity, increasing the …
Persistent link: https://www.econbiz.de/10013122108
a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is … increasing across cohorts. For West German men born 1926–28, the longevity gap between top and bottom decile amounts to about 4 … structure across cohorts, which is consistent with the increasing longevity gap …
Persistent link: https://www.econbiz.de/10012943697
This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement choices necessarily coincide with socially optimal...
Persistent link: https://www.econbiz.de/10013251539
This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...
Persistent link: https://www.econbiz.de/10013136725
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
Governments are increasingly concerned about the capacity of pensions systems to meet demands in the coming years. According to the OECD, one part of the policy response in many countries will be greater private provision on the part of individuals through occupational and other pension...
Persistent link: https://www.econbiz.de/10013076158