Showing 1 - 10 of 2,494
-plan availability to estimate the determinants of participation in a standard selection on unobservables model. We find that currently …
Persistent link: https://www.econbiz.de/10010319447
Many middle-income workers save for retirement through 401(k) plans. This study addresses the concern that low account balances of older workers may indicate that these vehicles are not sufficient to insure adequate retirement savings. In particular, the study shows that workers are not...
Persistent link: https://www.econbiz.de/10010288022
This paper provides new insights into the longstanding empirical issue of whether the type of workplace saving plan (a "traditional" registered pension plan or RPP, a "flexible" group registered retirement savings plan or group RRSP, and a "hybrid" arrangement of the two) affects employee...
Persistent link: https://www.econbiz.de/10012005963
force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are …, however, relatively many long-term unemployed workers. Labor force participation of older workers is in-creasing but still low …
Persistent link: https://www.econbiz.de/10010273960
The creeping stock market collapse eroded the wealth of funded pension systems. This led to political tensions between generations due to the fuzzy definition of property rights on the pension funds wealth. We argue that this problem can best be resolved by the introduction of generational...
Persistent link: https://www.econbiz.de/10010261654
This paper investigates the effect of private pensions on the retirement wealth distribution. The model incorporates stochastic private pension coverage into a lifecycle model with stochastic earnings. The predictions of the calibrated model are compared to the distribution of retirement net...
Persistent link: https://www.econbiz.de/10010291899
workplace pension participation among those working for small employers by around 45 percentage points to reach 70% of targeted … leaves pension participation substantially below the very high levels (around 90%) seen under automatic enrolment among the … largest employers in the United Kingdom and the United States. We find evidence that this lower participation rate is not …
Persistent link: https://www.econbiz.de/10012028691
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10010324730
automatic enrolment, participation in workplace pensions among eligible private sector workers is estimated to have increased by …
Persistent link: https://www.econbiz.de/10011786833
This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art econometric estimators. Our results show weak...
Persistent link: https://www.econbiz.de/10012262784