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In this article, we analyse old-age retirement decisions of Slovenian men and women, eligible to retire in the period … 1997-2003. In comparison to established market economies, we find relatively high hazard rates of retirement that decline …) workers and vice versa. We find that the probability of retirement decreases with option value to work and net wages, although …
Persistent link: https://www.econbiz.de/10015225416
The paper examines formation and sustainability of Pay-As-You-Go pension systems within the consequences of the ageing of population. Parametric reforms rather than institutional transformation of Pay-As-You-Go systems into funded pension schemes are advocated. Following the modern theories of...
Persistent link: https://www.econbiz.de/10015225533
calculating the pension saved during a working life and the pension dis-saved after retirement. The findings show that there are …
Persistent link: https://www.econbiz.de/10015228618
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
In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in...
Persistent link: https://www.econbiz.de/10015235640