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Individuals aged 65 years and older currently make up a larger share of the population than ever before, and this group is predicted to continue growing both in absolute terms and relative to the rest of the population. This chapter begins by introducing the facts, figures, and forecasts...
Persistent link: https://www.econbiz.de/10012983909
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 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
India, one of the world's two population superpowers, is undergoing unprecedented demographic changes. Increasing longevity and falling fertility have resulted in a dramatic increase in the population of adults aged 60 and up, in both absolute and relative terms. This change presents...
Persistent link: https://www.econbiz.de/10012983911
Population ageing is the 21st century's dominant demographic phenomenon. Declining fertility, increasing longevity, and the progression of large-sized cohorts to the older ages are causing elder shares to rise throughout the world. The phenomenon of population ageing, which is unprecedented in...
Persistent link: https://www.econbiz.de/10012983912
This chapter connects population aging with international migration. After documenting the trends for both, we review the supply-push and demand-pull determinants of migration, focusing particularly on the role of age and aging. We subsequently discuss the literature concerning the implications...
Persistent link: https://www.econbiz.de/10013031088
We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 for women. We use a regression discontinuity design which exploits the immediate increase in the ERA between women born in 1951 and 1952. The analysis is based on the German...
Persistent link: https://www.econbiz.de/10012915328
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …
Persistent link: https://www.econbiz.de/10012870250
social security schemes, an ageing population thus leads to policy uncertainty in first pillar pensions. This paper sheds …
Persistent link: https://www.econbiz.de/10013325056
Governments are increasingly concerned about the capacity of pensions systems to meet demands in the coming years … well-informed about pensions. However, there are many reasons to believe that individuals may not be well-informed due to … the complexity of pensions systems and degrees of myopia. In this paper, we assess levels of knowledge of pensions using a …
Persistent link: https://www.econbiz.de/10013076158