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Global Pension Systems and Their Reform : Worldwide Drivers, Trends, and Challenges
Holzmann, Robert - 2012
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
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The Impact of Life-Course Developments on Pensions in the NDC Systems in Poland, Italy and Sweden and Point System in Germany
Chłoń-Domińczak, Agnieszka - 2018
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
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Addressing Longevity Heterogeneity in Pension Scheme Design and Reform
Ayuso, Mercedes - 2016
This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...
Persistent link: https://www.econbiz.de/10012978166
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Pension Reform : Disentangling Retirement and Savings Responses
Lindeboom, Maarten - 2018
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
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Preparing for Policy Changes : Social Security Expectations and Pension Scheme Participation
van der Wiel, Karen - 2021
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
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The Effect of Public Pension Wealth on Saving and Expenditure
Lachowska, Marta - 2015
In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland's 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by estimating "difference-in-differences" regressions,...
Persistent link: https://www.econbiz.de/10013026410
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Who Wins? Evaluating the Impact of UK Public Sector Pension Scheme Reforms
Danzer, Alexander M. - 2016
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
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Public Pensions, Changing Employment Patterns, and the Impact of Pension Reforms Across Birth Cohorts : A Microsimulation Analysis for Germany
Geyer, Johannes - 2010
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
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Retire Later or Work Harder?
Bell, David N.F. - 2010
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
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The Impact of Social Security on Pension Claiming and Retirement : Active vs. Passive Decisions
Lalive, Rafael - 2020
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