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This article proposes a notional defined contribution (NDC) mechanism to ensure pension mobility for the 150 million migrating workers in China during both the accumulation and drawdown phases. Planned governance would ensure independence from the three existing pension systems. An appropriately...
Persistent link: https://www.econbiz.de/10011397726
We evaluate a comprehensive reform of Norwegian early retirement institutions in 2011 through the lens of a parsimonious random utility choice model. The reform radically changed work incentives and/or pension access-age for some (but not all) workers. We find that improved work incentives...
Persistent link: https://www.econbiz.de/10014310092
This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities … associated with benefits promised to public sector employees. Australia’s experience with public sector pensions is unusual … important driver for this relatively rapid transition of public sector pensions is the broader retirement policy framework in …
Persistent link: https://www.econbiz.de/10014179370
The complex matrix of retirement policy trade-offs -encompassing elements of paternalism, market failure, and overlaying incentives in a life-cycle context- have received much attention in the literature. But the issue of whether publicly-funded retirement provision should be means-tested, and...
Persistent link: https://www.econbiz.de/10014046466
low contributory coverage, social pensions with inadequate benefits and often low (or no) coverage, and informal sector … challenges through an expanded role for social pensions with inclusive targeting, reformed contributory schemes, ongoing …
Persistent link: https://www.econbiz.de/10015080696
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We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply responses to alternative pension reform strategies relying on improved work incentives (flexibility) or increased access ages (prescription), respectively. We find that increasing...
Persistent link: https://www.econbiz.de/10010473192
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