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In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially reduced the saving costs of all workers, irrespective of...
Persistent link: https://www.econbiz.de/10012915326
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
or earnings (i.e., the contribution base of earnings‐related social programs such as pensions) and as heterogeneity is …
Persistent link: https://www.econbiz.de/10012986749
We analyze the political stability of funded social security. Using a stylized theoretical framework we study the mechanisms behind governments capturing social security assets in order to lower current taxes. The results and the driving mechanisms carry over to a fully-fledged and carefully...
Persistent link: https://www.econbiz.de/10014084073
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10013099759
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across … pensions across cohorts taking into account changing demographics and recent pension reforms. Simulations show that pension …
Persistent link: https://www.econbiz.de/10013146821
We compare two policies of increasing British state pension provision: (a) increase the pensionable age of men and women, (b) maintain the existing retirement age but require older workers to work longer per-period hours. There are reasons for policy makers to give serious consideration to the...
Persistent link: https://www.econbiz.de/10013148323
Old-age pensions in the NDC systems reflect the accumulated lifetime labour income. Interrupted careers and differences …-age pensions in the future. We argue that the pension systems' design modifications that weaken the link between contribution and … benefits would not solve the challenge of providing adequate old-age pensions to people with interrupted careers. On the …
Persistent link: https://www.econbiz.de/10012926703
In this paper we study the social, demographic and economic origins of social security. The data for the U.S. and for a cross section of countries make it clear that urbanization and industrialization are strongly associated with the rise of social insurance. We describe a model economy in which...
Persistent link: https://www.econbiz.de/10013324939
Radical changes have been implemented to pension schemes across the UK public sector from April 2015. This paper simulates how these changes will affect the lifetime pension and how the negotiated pension changes compare across six public sector schemes by level of education. Specifically, we...
Persistent link: https://www.econbiz.de/10012990874