Showing 1 - 10 of 210
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent … studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is … not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and …
Persistent link: https://www.econbiz.de/10011267891
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
deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10011259148
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
We investigate the effect of an acute health shock on retirement among elderly male workers in Denmark, 1991-1999, and … in particular whether various welfare state programs and institutions impinge on the retirement effect. The results show … that an acute health event increases the retirement chances of elderly male workers by 8%, and that this increase in the …
Persistent link: https://www.econbiz.de/10005025691
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent … studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is … not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and …
Persistent link: https://www.econbiz.de/10005260123
identifies how accumulated assets can be used optimally throughout retirement to produce life-long income when required, to make … do this using a SPEEDOMETER (or Spending Optimally Throughout Retirement) retirement expenditure plan which employs … degree of flexibility in managing the run-down of retirement assets; (3) capital protection in the form of ‘money …
Persistent link: https://www.econbiz.de/10009401337
at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages …
Persistent link: https://www.econbiz.de/10009403451
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