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Considering the growing role of private and funded pension provision and the sensitivity of private pension provision to the economic climate, there is an increasing need of comparable and reliable information on private pension plans in order to better monitor retirement income adequacy and the...
Persistent link: https://www.econbiz.de/10011276667
Many middle-income workers save for retirement through 401(k) plans. This study addresses the concern that low account balances of older workers may indicate that these vehicles are not sufficient to insure adequate retirement savings. In particular, the study shows that workers are not...
Persistent link: https://www.econbiz.de/10009643261
This paper examines how uncertainty regarding future mortality and life expectancy outcomes, i.e. longevity risk, affects employer-provided defined benefit (DB) private pension plans liabilities. The paper argues that to assess uncertainty and associated risks adequately, a stochastic approach...
Persistent link: https://www.econbiz.de/10004962925
The use of TFR (a sort of severance payment) to fund the complementary pension scheme, except when the worker explicitly says not to, has been established by the legislative measures reforming the Italian pension system (law n. 243 approved in summer 2004 and decree n. 252 approved in December...
Persistent link: https://www.econbiz.de/10005449474
This paper contains information about workers´ participation in the pension schemes in four Latin American countries … discourage participation in the new pension scheme. The main finding is that the present participation structure is strongly …
Persistent link: https://www.econbiz.de/10010775635
This paper reviews changes in pension policies in EU countries between 1995 and 2005 and describes how they might affect risk of poverty for future pensioner populations. The pension landscape in Europe has changed considerably in the past decade and the paper highlights commonalities as well as...
Persistent link: https://www.econbiz.de/10011126478
This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our model allows those with high time preference rates to find...
Persistent link: https://www.econbiz.de/10005828535
increased their labor force participation by between 1.4 and 2.2 percentage points, or 2 to 4 percent, depending on age. Social … Security changes account for about one sixth of the increase in labor force participation between 1998 and 2004, for married … after retiring, and increasing partial retirement. Although married men in their fifties decrease their participation in the …
Persistent link: https://www.econbiz.de/10005774979
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011255727
Latin America is enjoying a period of extensive growth. If this trend is to continue into the coming years, the key insufficiencies that could limit total factor productivity will have to be dealt with in order to prevent bottlenecks. One of these insufficiencies is the infrastructure gap. The...
Persistent link: https://www.econbiz.de/10009385744