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In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in...
Persistent link: https://www.econbiz.de/10011113700
just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10011259058
Most assessments of pension sustainability focus on the projected fall in spending. However interest in the impact on adequacy, usually measured by replacement rates, is increasing. In this paper we show that replacement rates have significant defects, related to being point-in-time indicators...
Persistent link: https://www.econbiz.de/10011259498
The last two decades have been characterised by significant changes in national pension arrangements. While at first, a consensus seemed to be evolving around a one-size-fits-all reform, more recently the trend has been towards a better customisation of reforms. This paper reviews this process,...
Persistent link: https://www.econbiz.de/10011260707
Many of Asia‟s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next … ensure that they are financially sustainable and provide adequate retirement incomes. In some countries – China, Vietnam …, Pakistan, Chinese Taipei – pension levels are high relative to earnings. Early retirement ages, especially for women, provide …
Persistent link: https://www.econbiz.de/10009422100
The object of this paper is to examine the impact of type of pension scheme on retirement behaviour. The well … retirement behaviour. The paper presents a model of a simple (defined contribution) pension plan and looks at the optimal … retirement date, which is found to depend on prospective earnings and the evolution of the accumulated pension fund, which, in …
Persistent link: https://www.econbiz.de/10005836577
to business closure, redundancy, dismissal, early retirement, etc.), marital status (married/widowed) and health status … cessation) has a significant effect only for Belgium and the Netherlands. However, the impact of this reason on the retirement …
Persistent link: https://www.econbiz.de/10005836627
of retirement, as it uses pension wealth - the value of all transfers during retirement. This captures the impact of both … longevity and changes in the value of pensions during retirement. Moreover, rather than focusing only on average earners with … offset by longer retirement. Though reforms have helped address the financial challenge faced by pension systems, in many …
Persistent link: https://www.econbiz.de/10008777064
pension benefits through retirement) calculated using more realistic labour market assumptions. These measures are used to …
Persistent link: https://www.econbiz.de/10011107265
hypothetical cases. By focusing on all prospective pension transfers rather than just those at the point of retirement, this …
Persistent link: https://www.econbiz.de/10011110080