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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward - 2004
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10010262119
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Addressing the legacy costs in an NDC reform: Conceptualization, measurement, financing
Holzmann, Robert; Jousten, Alain - 2010
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution...
Persistent link: https://www.econbiz.de/10010278557
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Long-run longevity effects of a nutritional shock early in life: the Dutch potato famine of 1846 - 1847
van den Berg, Gerard J.; Lindeboom, Maarten; Portrait, … - 2007
Background: Nutrition in utero and infancy may causally affect health and mortality at old ages. Until now, very few … longevity at older ages, using unique individual data and exploiting the exogenous variation implied by natural experiments. In … individual characteristics and additional (early life) determinants of mortality. Results: Men exposed to severe famine during …
Persistent link: https://www.econbiz.de/10010277317
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Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands
Euwals, Rob - 2000
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 house-hold wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10010262338
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Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018
in TFP growth. We show four main results. First, increasing longevity translates to substantial increases in aggregate …
Persistent link: https://www.econbiz.de/10011931586
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Career progression and formal versus on-the-job training
Adda, Jérôme; Dustmann, Christian; Meghir, Costas; … - 2006
We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...
Persistent link: https://www.econbiz.de/10010268053
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Why Funding is not a Solution to the "Social Security Crisis"
Breyer, Friedrich - 2001
It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...
Persistent link: https://www.econbiz.de/10010262534
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"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems
van Praag, Bernard M. S.; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10010276956
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Economic Conditions at Birth, Birth Weight, Ability, and the Causal Path to Cardiovascular Mortality
van den Berg, Gerard J.; Modin, Bitte - 2013
) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and … (across the full range) and CV mortality rate later in life is significantly stronger if the individual is born in a recession …
Persistent link: https://www.econbiz.de/10010329078
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On the rise of health spending and longevity
Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus; … - 2009
We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...
Persistent link: https://www.econbiz.de/10010269651