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Maintaining Social Security Benefits and Tax Rates through Personal Retirement Accounts : An Update Based on the 1998 Social Security Trustees Report
Feldstein, Martin - 1999
A program of Personal Retirement Accounts (PRAs) funded by deposits equal to 2.3 percent of earnings (up to the Social Security maximum) would permit retirees to receive more income in retirement than with the current Social Security program while at the same time making it unnecessary to...
Persistent link: https://www.econbiz.de/10012471812
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Social Security Reform and Labor Supply
Gustman, Alan L. - 1983
A structural life-cycle retirement model with an improved specification over previous models is used to analyze and compare the long-run labor supply effects of the rules for Social Security in place in 1972,1977 and 1983, and for an actuarially fair system. The effects of separate provisions...
Persistent link: https://www.econbiz.de/10012477887
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Trends in Employment and Social Security Incentives in the Spanish Pension System : 1980-2016
García-Gómez, 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/10012481015
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Old Europe ages : Reforms and Reform Backlashes
Boersch-Supan, Axel H. - 2010
The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but aging poses many other economic challenges that...
Persistent link: https://www.econbiz.de/10012462881
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Welfare and Generational Equity in Sustainable Unfunded Pension Systems
Auerbach, Alan J. - 2009
benefits of risk reduction, leaving systems with more frequent adjustments that spread risks broadly among generations as those …
Persistent link: https://www.econbiz.de/10012463965
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The Chilean Pension Reform Turns 25 : Lessons From the Social Protection Survey
de Mesa, Alberto Arenas - 2006
In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a new structure that relies heavily on funded defined contribution individual accounts. In addition, eligibility and benefit requirements were standardized, and a safety net for...
Persistent link: https://www.econbiz.de/10012466264
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Structural Reform of Social Security
Feldstein, Martin - 2005
problems that critics raise about any investment-based plan: administrative costs, risk, and income distribution. Finally, I …
Persistent link: https://www.econbiz.de/10012467587
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Trends in Male Labor Force Participation And Retirement : Some Evidence On The Role Of Pensions And Social Security In The 1970's And 1980's
Anderson, Patricia M. - 1997
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/10012472602
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Social Security and Retirement in Italy
Brugiavini, Agar - 1997
This paper analyzes the incentives provided by the Italian Social Security System (SS) to supply labor. Italy is an interesting example in this context as: (1) fertility rates are very low while life expectancy has improved dramatically over the past decades; (2) the SS Program is extremely...
Persistent link: https://www.econbiz.de/10012472659
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Individual Risk in an Investment-Based Social Security System
Feldstein, Martin - 2001
This paper examines the risk aspects of an investment-based defined contribution Social Security plan. We focus on the … risk after the plan is fully phased in. Individuals deposit a fraction of wages to a Personal Retirement Account (PRA … cushion' that protects the individual from the risk of an unacceptably low level of benefits. For example, PRA deposits of 6 …
Persistent link: https://www.econbiz.de/10012470655