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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
demography persists, benefit promises are out of line with contribution rates and retirement ages. This book puts forward a …
Persistent link: https://www.econbiz.de/10005836602
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
While personal-pension mis-selling dominated the headlines, just as costly was the over-compensation offered to younger workers to contract out of the state scheme into personal pensions. The proposal for age-related rebates outlined in this book was later taken up by the government.
Persistent link: https://www.econbiz.de/10005836776
their populations and re-balance retirement income provision to keep it adequate and ensure that the retirement income … countries be able to pay for the promises they are making? There are no simple answers to these questions. National retirement …-income systems are complex and pension benefits depend on a wide range of factors. Differences in retirement ages, benefit …
Persistent link: https://www.econbiz.de/10005837151
transfers rather than those at retirement and by looking into the interaction between entitlements and labour participation …
Persistent link: https://www.econbiz.de/10011257759
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