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to business closure, redundancy, dismissal, early retirement, etc.), marital status (married/widowed) and health status … cessation) has a significant effect only for Belgium and the Netherlands. However, the impact of this reason on the retirement …
Persistent link: https://www.econbiz.de/10015215644
The object of this paper is to examine the impact of type of pension scheme on retirement behaviour. The well … retirement behaviour. The paper presents a model of a simple (defined contribution) pension plan and looks at the optimal … retirement date, which is found to depend on prospective earnings and the evolution of the accumulated pension fund, which, in …
Persistent link: https://www.econbiz.de/10015216570
other countries’ pension systems and their experiences of retirement-income reforms. However, national pension systems are … can inform debates on retirement-income systems by presenting “hard” data that people with different visions for the … future of pensions can all use as a reference point. International comparisons of retirement-income regimes to date have …
Persistent link: https://www.econbiz.de/10015216594
supply and endogenous retirement. When the fixed cost of work is increasing in wage, the optimal retirement wedge provides … stronger incentives for delayed retirement with age. Retirement benefits that resemble the US Social Security system can … implement the optimum. Calibrated numerical simulations suggest that a mix of retirement benefits that increase with claiming …
Persistent link: https://www.econbiz.de/10015217276
Using pseudo-panel microdata we show that pension generosity affects early retirement decisions. The changes in the … average replacement rate and decreases in wealth accrual between 1967 and 2004 have caused an increase in early retirement …
Persistent link: https://www.econbiz.de/10015217395
The central purpose of this paper is to introduce a new political economy explanation to modern Social Security Systems. This approach is based on the Single-Mindedness Theory (SMT), which assumes that the more single-minded groups are able to exert a greater power of influence on Governments...
Persistent link: https://www.econbiz.de/10015217813
experience. The Spanish economic boom since the mis nineties, the slowdown in the number of pensioners due to the retirement of …
Persistent link: https://www.econbiz.de/10015219767
This article analyses the dynamics of an overlapping generations economy (Diamond, 1965) with pay-as-you-go financed public pensions and myopic expectations. It is shown that large PAYG pensions triggers economic fluctuations depending on the mutual relationship between technology and preference...
Persistent link: https://www.econbiz.de/10015219986
The paper analyzes the issue of the financial sustainability of the Italian Pension System in the long-run, by discussing the main reforms occurred in the last few years and by examining some recent data: in particular, the data of the Italian Agency for the Evaluation of Social Security...
Persistent link: https://www.econbiz.de/10015220041
Using a simple OLG small open economy with endogenous fertility we show that the command optimum can be decentralised in a market setting using both a PAYG transfer from the young (old) to the old (young) and a tax-cum-subsidy (subsidy-cum-tax) policy, to redistribute within the working age...
Persistent link: https://www.econbiz.de/10015220128