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The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution...
Persistent link: https://www.econbiz.de/10008694992
In 1995, the UK government legislated to increase the earliest age at which women could claim a state pension from 60 to 65 between April 2010 and March 2020. This paper uses data from the first two years of this change coming into effect to estimate the impact of increasing the state pension...
Persistent link: https://www.econbiz.de/10010617529
downturns. In particular, early retirement incentives embedded in old-age pension schemes and other social transfer programmes …
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Weltwirtschaft Kiel, bezeichnet die Rentenreform als einen Schritt in die falsche Richtung, die Verlieren seien die nicht …
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In this paper, we explore the links between pension reform, early retirement, and the use of unemployment as an … alternative pathway to retirement. We use a dynamic rational expectations model to analyze the search and retirement behaviour of … employed and unemployed workers aged 50 or over. The model is calibrated to reproduce the main reemployment and retirement …
Persistent link: https://www.econbiz.de/10010875544