Showing 1 - 10 of 7,874
The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker …
Persistent link: https://www.econbiz.de/10013223341
The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...
Persistent link: https://www.econbiz.de/10013235635
pensions can and will play an important role in helping companies induce desired turnover patterns. This paper undertakes a … financial incentives inherent in pensions, so that most of our attention is directed to analysis of financial benefit level …
Persistent link: https://www.econbiz.de/10012777143
Together, pensions, social security and health insurance account for half of the wealth held by all households in the …
Persistent link: https://www.econbiz.de/10013245105
greater is the inequality of pretax income. Both predictions of the theory are supported by the empirical evidence in cross …
Persistent link: https://www.econbiz.de/10014157873
This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in the 1970's and 1980's. Work incentives associated with pension" coverage and plan characteristics are calculated primarily from the 1969-79 Retirement History" Study and the...
Persistent link: https://www.econbiz.de/10013221842
Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...
Persistent link: https://www.econbiz.de/10012774822
whether total welfare would rise if benefits were lower in early retirement years (when most individuals have some saving with … of workers and retirees and the structure of benefits that would maximize the steady state level of social welfare. This … steady state welfare would provide higher benefits to young retirees than to the very old …
Persistent link: https://www.econbiz.de/10012762759
. Individuals save a fraction of wages in a Personal Retirement Account (PRA) invested in a 60:40 equity-debt mix and receive a …
Persistent link: https://www.econbiz.de/10013213068
An economic theory of public and private pensions is developed, and the implications of the theory are compared with … private pensions? why have they grown so rapidly in recent decades? why do they have the particular features that they do? why … does the government intervene by regulating the provisions of private pensions and mandating a public pension system? what …
Persistent link: https://www.econbiz.de/10012774854