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Introduced 20 years ago as a part of the 2001 pension reform, the Riester pension is meant to function as an essential … component of the German pension system with the aim of compensating for decreasing public pensions. However, data collected by … the SOEP show that this objective has not yet been achieved. For ten years, use of the Riester pension plan has been …
Persistent link: https://www.econbiz.de/10012667059
the number of workers and thus pension contributors at the highest possible level is a key economic policy goal. This … drawing a pension before reaching the normal retirement age, could create the necessary conditions for reaching this goal. The …, which came into effect in 2017, allows people to receive a partial pension payout before the normal retirement age while …
Persistent link: https://www.econbiz.de/10011762779
benefit from paying reduced social security contributions while still receiving their full pension entitlements, made possible … principle on which the pension insurance system is based. This Weekly Report investigates the financial scope of the additional … pension entitlements and how targeted this subsidy is. The statutory pension insurance (Gesetzliche Rentenversicherung, GRV …
Persistent link: https://www.econbiz.de/10014235014
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10011461720
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes agents to have model-consistent beliefs and to avoid systematic prediction errors. In reality, justi cation and identification of expectations are nontrivial. One way to solve this problem is...
Persistent link: https://www.econbiz.de/10012290349
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity by age, education, wealth, sex and household...
Persistent link: https://www.econbiz.de/10014309445
Knapp fünf Millionen Menschen haben Ende des Jahres 2022 Leistungen der sozialen Pflegeversicherung bezogen - rund zwei Millionen mehr als sechs Jahre zuvor. Maßgeblicher Grund für den starken Anstieg der Zahl der Leistungsempfänger*innen ist die Pflegereform im Jahr 2017. Der Großteil der...
Persistent link: https://www.econbiz.de/10014440486
Wage growth occurs almost exclusively in full-time work, whereas it is close to zero in part-time work. German women, when asked to predict their own potential wage outcomes, show severely biased expectations with strong over-optimism about the returns to part-time experience. We estimate a...
Persistent link: https://www.econbiz.de/10014467802
Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014480488
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity by age, education, wealth, sex and household...
Persistent link: https://www.econbiz.de/10014480626