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Should Pensions Be Progressive? Yes, at Least in Germany!

Fehr, Hans - 2011

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …

Persistent link: https://www.econbiz.de/10013127112

Pension Reform with Variable Retirement Age - A Simulation Analysis for Germany

Fehr, Hans - 2010

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …

Persistent link: https://www.econbiz.de/10013142151

Designing the Pension System : Conceptual Framework

Bovenberg, A. Lans - 2011

This paper develops an analytical framework for the design of pension systems, taking the functions of the pension system as the guiding principle. It discusses the economic principles underlying these functions and their implementation in practice. In particular, it distinguishes three...

Persistent link: https://www.econbiz.de/10013120002

Economic Growth and Funded Pension Systems

Bijlsma, Michiel J. - 2014

Growing pension savings lead to deeper capital markets. This can have a positive effect on economic growth by allowing firms that are more dependent on external finance to grow faster. We study this effect using data on 69 industrial sectors in 34 OECD countries for the period 2001-2010 through...

Persistent link: https://www.econbiz.de/10013050392

The Impact of Pension System Reform on Projected Old-Age Income : The Case of Poland

Ruzik, Anna - 2015

This paper analyses the distributional effects of the Polish old‐age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969‐1979. We find that...

Persistent link: https://www.econbiz.de/10013016912

Uncertain Pension Income and Household Saving

van Santen, Peter - 2016

I study the relationship between household saving and pensions, and estimate both the displacement effect of pensions on private saving and the precautionary saving effect due to uncertainty in pension income. Using a lifecycle framework, the consumption function depends on expected pension...

Persistent link: https://www.econbiz.de/10013007878

Pension Plans and Retirement Replacements Rates in the Netherlands

van Duijn, Mark - 2010

This study examines the expected retirement replacement rates of several cohorts of Dutch employees at the time of …

Persistent link: https://www.econbiz.de/10013142141

Implications of Full and Partial Retirement for Replacement Rates in a Defined Benefit System

Kantarci, Tunga - 2011

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

Retirement Replacement Rates and Saving Behavior

Zandberg, Eelco - 2014

We study whether the retirement replacement rate influences households' saving behavior by using the RAND Health and … Retirement Study data file. We estimate quantile regressions with the ratio of wealth to permanent income as dependent variable …, and age dummies and the retirement replacement rate as main independent variables. Our paper is the first to explicitly …

Persistent link: https://www.econbiz.de/10013050273

Means-Testing Retirement Benefits in the UK : Is it Efficient?

Fehr, Hans - 2014

We construct a dynamic stochastic general equilibrium model with overlapping generations in order to analyze the optimality of means-testing pension benefits in the UK. While previous studies only consider the long-run welfare effects of alternative policy reforms, we compute the full transition...

Persistent link: https://www.econbiz.de/10013056470