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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
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
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
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes …
Persistent link: https://www.econbiz.de/10012996521
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch … households. The survey contains rich information on household wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10012786283
of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially … assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … savings to counter the effect of the reform. These workers, who are generally in worse health, have zero substitution rates …
Persistent link: https://www.econbiz.de/10012915326
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives …
Persistent link: https://www.econbiz.de/10013099759
We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...
Persistent link: https://www.econbiz.de/10012827326
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 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