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Since the early 1990's the World Bank has utilized the multi-pillar framework as a model for the design and evaluation of pension systems. This model is derived from the principle that the primary functions of pension systems, (poverty alleviation, consumption smoothing and insurance) are most...
Persistent link: https://www.econbiz.de/10013123750
We explore the implications of alternative methods of discounting future pension outlays for the valuation of funded pension liabilities. Measured liabilities affect the asset-liability ratio of pension funds and, thereby, their policies. Our framework for analysis is an applied many-generation...
Persistent link: https://www.econbiz.de/10013136102
This study examines the sensitivity of the retirement age decision to standard retirement ages in pension overviews …. Specifically, their retirement age corresponds to the age of the anchor. The effect of the age anchor on the retirement age is … of social interactions are limited. This suggests that age anchors may have a distinct effect on the retirement age …
Persistent link: https://www.econbiz.de/10013027181
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10014190146
system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement … analyze the implications of late full retirement and partial retirement for the occupational and state pension entitlements …. We pay particular attention to the retirement scenarios that are relevant for the current policy measures, aimed at …
Persistent link: https://www.econbiz.de/10013123970
Policy makers have often argued that an additional benefit of facilitating early retirement is that it creates … discourage early retirement to counter the economic consequences of an aging population and, interestingly, the consequences for … workers in more depth, if only to put any concerns for adverse effects of later retirement to rest. To empirically investigate …
Persistent link: https://www.econbiz.de/10014200838
retirement and claiming decision making. First, I find that, despite the previous availability of information, the Statement has … workers need to gather costly information in order to improve their retirement decision. Second, I use this exogenous … their retirement behavior: i) Workers do not change their expected age of retirement after receiving the Statement; ii …
Persistent link: https://www.econbiz.de/10013134870
Persistent link: https://www.econbiz.de/10012997318
We propose a generational plan for the occupational pension provision in which people from the same generation are pooled in a generational fund. Each fund can set its own policies independently. This plan provides the benefits of differentiation missing in the prevailing collective plan and the...
Persistent link: https://www.econbiz.de/10013135360
This paper compares the UK and Dutch occupational defined-benefit pension policies using the holistic balance sheet (HBS) framework. The UK DB pension system differs from the Dutch one in terms of the steering tools and adjustment mechanisms. In addition to the sponsor guarantee, the UK system...
Persistent link: https://www.econbiz.de/10013062126