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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
article sheds light on this issue by ex-ploring the consequences of postponing access to an old-age unemployment program from … age 58 to 60. The program provides laid-off workers with a combination of unemployment benefits and a monthly supplement … this reform on workers' employment and various social security benefits (i.e. unemployment, disability, early retirement …
Persistent link: https://www.econbiz.de/10014243913
This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …
Persistent link: https://www.econbiz.de/10014030508
response successfully offset earnings loses among lower-wage workers, the risk of continued and persistent unemployment remains …
Persistent link: https://www.econbiz.de/10013243089
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10013105997
Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...
Persistent link: https://www.econbiz.de/10013088975
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...
Persistent link: https://www.econbiz.de/10014224349
Models of status based on Frank's (1985) count of the number of people with lower conspicuous consumption are inconsistent with the extensive empirical literature on happiness and well-being. The alternative approach to consumption interaction which uses some form of relative income has been...
Persistent link: https://www.econbiz.de/10013317187
I argue that the empirical strategies for estimation of the intergenerational elasticity of lifetime earnings that are currently employed in the literature might not eliminate bias arising from life-cycle effects. Specifically, I demonstrate that procedures based on the generalized...
Persistent link: https://www.econbiz.de/10013136780
We study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of the planned economy is compared to the decentralized competitive equilibrium deriving optimal policies. We show that in the presence of a PAYG pension system, the optimal policy...
Persistent link: https://www.econbiz.de/10014356045