Narrow search
Showing 1 - 10 of 812
Cover Image
Public Pension Reforms and Retirement Decisions : Narrative Evidence and Aggregate Implications
Bi, Huixin; Zubairy, Sarah - National Bureau of Economic Research - 2022
We construct a database of public pension policy changes with motivation and implementation information for ten OECD countries. Structural pension reforms, motivated by long-run sustainability concerns, often come with prolonged phase-in periods. In response to pension retrenchments implemented...
Persistent link: https://www.econbiz.de/10013334383
Cover Image
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 … paper introduces a recently-developed longitudinal survey of individual respondents in Chile, the Social Protection Survey …
Persistent link: https://www.econbiz.de/10012466264
Cover Image
Labor Supply and the Pension-Contribution Link
French, Eric; Lindner, Attila; O'Dea, Cormac; Zawisza, … - National Bureau of Economic Research - 2022
We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting Poland's switch from a Defined Benefit to a Notional Defined Contribution scheme for men born after 1948. Using the universe of taxpayers and this sharp cohort-based discontinuity in...
Persistent link: https://www.econbiz.de/10013334402
Cover Image
Communicating Social Security Reform
Caplin, Andrew; Lee, Eungik; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2022
Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...
Persistent link: https://www.econbiz.de/10013462693
Cover Image
Do Older Adults Accurately Forecast Their Social Security Benefits?
Seiter, Grant M.; Slavov, Sita N. - National Bureau of Economic Research - 2023
How accurate are older people's expectations about their future Social Security benefits? Using panel data from the Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective expectations provided during their 50s and early 60s. We...
Persistent link: https://www.econbiz.de/10014247944
Cover Image
Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits
Abashidze, Nino; Clark, Robert L.; Craig, Lee A. - National Bureau of Economic Research - 2022
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the...
Persistent link: https://www.econbiz.de/10013388828
Cover Image
Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2022
In this paper, we use micro data on a large number of European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize our main findings, we find that less than half of the...
Persistent link: https://www.econbiz.de/10013388826
Cover Image
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
Cover Image
Pension Inequality
Lazear, Edward P. - 1984
Pensions may contribute to male/female or black/white inequality to the extent that white males are more likely to … receive pensions than are other groups. Conditional on receiving pensions, the value of pension benefits varies because white …/white inequality but leaves male/female inequality unchanged among whites. Even though females are less likely tor eceive pensions than …
Persistent link: https://www.econbiz.de/10012477609
Cover Image
Observations on the Indexation of Old Age Pensions
Summers, Lawrence H. - 1982
This paper examines some positive and normative aspects of the inflation indexation of public and private pensions. The … that voluntarily agreed on, non-indexed private pensions may well be efficient.Non-indexed pensions may result in an …,associated with changes in wealth. The use of this measure has significant implications for the indexation of pensions, and for the …
Persistent link: https://www.econbiz.de/10012478082