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Do Savings Increase in Response to Salient Information About Retirement and Expected Pensions?

Dolls, Mathias - 2016

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send out annual letters providing detailed and comprehensible information about the pension system...

Persistent link: https://www.econbiz.de/10012982037

Propagation and Smoothing of Shocks in Alternative Social Security Systems

Auerbach, Alan J. - 2013

Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing...

Persistent link: https://www.econbiz.de/10013080219

Trends in Employment and Social Security Incentives in the Spanish Pension System : 1980-2016

Garcia-Gomez, Pilar - 2018

In this paper, we analyze the association between financial incentives and retirement decisions using aggregate data for over four decades in Spain. We calculate an implicit tax rate on remaining in employment for an additional year and examine its correlation with employment rates for older...

Persistent link: https://www.econbiz.de/10012906444

Annuity Pricing in Public Pension Plans : Importance of Interest Rates

Abashidze, Nino - 2018

There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees,...

Persistent link: https://www.econbiz.de/10012906774

Social Security Programs and Retirement Around the World : Reforms and Retirement Incentives – Introduction and Summary

Börsch-Supan, Axel - 2018

participation has been replaced by sharply rising participation rates. Older women's participation has increased dramatically as …

Persistent link: https://www.econbiz.de/10012907741

The Economics of Prefunding Social Security and Medicare Benefits

Feldstein, Martin S.; Samwick, Andrew - 2021

This paper presents a detailed analysis of the economics of prefunding benefits for the aged, focusing on Social Security but indicating some of the analogous magnitudes for prefunding Medicare Benefits. We use detailed Census and Social Security information to model the transition to a fully...

Persistent link: https://www.econbiz.de/10013219183

Social Security and the Decision to Retire

Pellechio, Anthony J. - 2021

This study examines empirically whether social security influences the retirement decisions of individuals. The framework for this study is the life-cycle model of individual behavior. The life-cycle model shows that there are two main ways in which social security can affect behavior. One way...

Persistent link: https://www.econbiz.de/10013220827

Social Security and Retirement : Evidence from the Canada Time Series

Pellechio, Anthony J. - 2021

This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of individual behavior provides the foundation for this study. The model indicates how social security can affect an individual's decision to retire. Further, the model is used to...

Persistent link: https://www.econbiz.de/10013223090

Social Security and Retirement

Coile, Courtney; Gruber, Jonathan - 2021

A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives on male retirement. We implement forward-looking models...

Persistent link: https://www.econbiz.de/10013226551

Pensions and the Distribution of Wealth

McGarry, Kathleen; Davenport, Andrew - 2021

to differences by sex and race. We find that men are approximately 50 percent more likely to have pensions than are women …, and conditional on having a pension, the mean value for men is twice as great as that for women. These differences remain … effects are distributed unequally across groups. Single women, in particular, fare worse when pension wealth is included as …

Persistent link: https://www.econbiz.de/10013228240