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The present paper analyzes the budgetary impact of various Social Security reforms in the Belgian institutional setting. Our approach relies on parameters that were derived in Dellis et alii (2002) using a micro-modeling strategy. Focusing our attention on a hypothetical age cohort, we...
Persistent link: https://www.econbiz.de/10010272725
, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient …
Persistent link: https://www.econbiz.de/10010262550
pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation …
Persistent link: https://www.econbiz.de/10010271295
retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or …
Persistent link: https://www.econbiz.de/10010274070
of the marginal actuarially fair incentives in case of postponed retirement. Social Security then faces a tradeoff … between giving enough incentives to make individuals actually delay retirement and giving little increase in pensions in order …. Furthermore, we analyze the interactions between wealth and retirement behavior. …
Persistent link: https://www.econbiz.de/10010262214
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation … pension regime on retirement decisions is affected by the presence of gaps in careers of women. Binding constraints related to …
Persistent link: https://www.econbiz.de/10010269357
Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the …
Persistent link: https://www.econbiz.de/10010275830
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
on the job satisfaction of workers who are close to retirement. The reform implies that public sector workers born on …
Persistent link: https://www.econbiz.de/10010289977
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010329012