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We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan's population can explain the level of, and past and...
Persistent link: https://www.econbiz.de/10010332306
This paper examines the effect of the last increase in the eligibility age for New Zealand's public pension, New Zealand Superannuation, on household saving rates. The age of eligibility was increased progressively from 60 to 65 years old between 1992 and 2001, with little forewarning. Drawing...
Persistent link: https://www.econbiz.de/10012115688
and mortality rates increase it. In the second part of the paper we extend the model by incorporating a Pay …
Persistent link: https://www.econbiz.de/10010294036
and mortality rates increase it. In the second part of the paper we extend the model by incorporating a Pay …
Persistent link: https://www.econbiz.de/10010264491
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10010276956
Increases in longevity mean the size of New Zealand's public retirement income programme, New Zealand Superannuation, will automatically expand unless the age of eligibility is increased. This paper analyses the consequences of expanding New Zealand Superannuation on a save-as-you-go basis...
Persistent link: https://www.econbiz.de/10012115669
Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...
Persistent link: https://www.econbiz.de/10011335622
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates … between saving patterns and pension wealth. This paper investigates the effect of the private pension contributions on savings … distribution. According to the results, the savings rate is negatively associated with private pensions at all quantile levels. The …
Persistent link: https://www.econbiz.de/10014547825
to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …
Persistent link: https://www.econbiz.de/10012215428
provides elderly assistance and is a source of savings for long-term investment. The pension systems in SSA, however, are …
Persistent link: https://www.econbiz.de/10013472622