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How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...
Persistent link: https://www.econbiz.de/10009766250
are not consistent with a simple life cycle explanation for savings. They also raise questions about whether pensions are … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread … average for this cohort on the verge of retirement. When pensions and social security are included, wealth accumulated by the …
Persistent link: https://www.econbiz.de/10014181830
value of pensions and social security that better reflects the accrual of benefits under defined contribution plans. Such …
Persistent link: https://www.econbiz.de/10012786844
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked …
Persistent link: https://www.econbiz.de/10011429583
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/10014043164
The President's Commission to Strengthen Social Security has proposed a number of changes in Social Security, each of them introducing personal accounts funded from a portion of payroll tax receipts, and in one case, out of additional contributions. These changes are presented in the form of...
Persistent link: https://www.econbiz.de/10014028129
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order...
Persistent link: https://www.econbiz.de/10011410305
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order...
Persistent link: https://www.econbiz.de/10013320477
Persistent link: https://www.econbiz.de/10009702541
Persistent link: https://www.econbiz.de/10011433269