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Habit Formation and Labor Supply
Cremer, Helmuth - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10012771200
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Forced saving, redistribution, and nonlinear social security schemes
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - In: Southern economic journal 76 (2009) 1, pp. 86-98
Persistent link: https://www.econbiz.de/10003880389
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Habit formation and labor supply
Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to unretire, i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10010273778
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Forced Saving, Redistribution, and Nonlinear Social Security Schemes
Cremer, Helmuth; Donder, Philippe De; Maldonado, Dario; … - In: Southern Economic Journal 76 (2009) 1, pp. 86-98
degree of myopia. Myopic individuals may not save ‘‘enough’’ for their retirement. The welfare function is paternalistic: The … that as the proportion of myopic individuals increases, there is less redistribution and more forced saving, and the …
Persistent link: https://www.econbiz.de/10008466987
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Voting Over Type and Generosity of a Pension System When Some Individuals are Myopic
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2006
(instant gratification) when dealing with retirement saving. Consequently, they will find themselves with low consumption after … retirement and regret their insufficient savings decisions. Henceforth, when voting they tend to commit themselves into forced … saving. We consider a pension scheme that is characterized by two parameters: the payroll tax rate (that determines the size …
Persistent link: https://www.econbiz.de/10005123825
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Habit Formation and Labour Supply
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10005497699
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Forced Saving, Redistribution and Nonlinear Social Security Schemes
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008
respects: productivity and degree of myopia. Myopic individuals may not save 'enough' for their retirement because their … of myopic individuals increases, there is less redistribution and more forced saving. Furthermore, as the number of …
Persistent link: https://www.econbiz.de/10005498031
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Habit Formation and Labor Supply
Cremer, Helmuth; Donder, Philippe De; Maldonado, Darío; … - CESifo - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to ‘unretire’, i.e., unexpectedly return to work. It also shows that when myopia about habit formation...
Persistent link: https://www.econbiz.de/10005094153
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Designing a Linear Pension Scheme with Forced Savings and Wage Heterogeneity
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2006
would have conjectured. Neither the impact on the level of pensions nor the effect on their redistributive degree are …
Persistent link: https://www.econbiz.de/10005114351
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Designing a Linear Pension Scheme with Forced Savings and Wage Heterogeneity
Cremer, Helmuth - 2008
conjectured. Neither the impact on the level of pensions nor the effect on their redistributive degree are unambiguous …
Persistent link: https://www.econbiz.de/10012726941