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Around the globe, the gradual move from defined benefit pensions to defined contribution pensions has increased the need for individual retirement planning. Examples of this include U.S. savings rates at historic lows, poor retirement prospects for citizens in developed countries, and the...
Persistent link: https://www.econbiz.de/10012954549
Although nearly half of retirees follow a nontraditional retirement path that involves partial retirement and/or unretirement (Maestas, 2010), unretirement has received little attention. As workforce demographics change and the supply of labor ages and retires, there is a growing need for...
Persistent link: https://www.econbiz.de/10012958507
Persistent link: https://www.econbiz.de/10012854953
An important challenge facing employees and societies is saving and investing sufficient funds for a comfortable retirement. Research shows that human financial decision-making behavior is not always rational and that public trust in the economy can be lost. Surprisingly, neither better...
Persistent link: https://www.econbiz.de/10013058175
Der kapitalgedeckten Altersvorsorge kommt mit dem demografischen und erwerbsstrukturellen Wandel eine wachsende Bedeutung zu. Dabei wird häufig nur die Höhe der Rente bei Erstbezug betrachtet. Die Leistungen während der Bezugszeit werden im Hinblick auf die Lebensstandardsicherung kaum...
Persistent link: https://www.econbiz.de/10011418822
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...
Persistent link: https://www.econbiz.de/10010324743
This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture observed in the OECD or selected countries...
Persistent link: https://www.econbiz.de/10010326595
Norwegian administrative data are used to evaluate the impact of a doubling of the threshold in the retirement earnings test. We find almost no impact on the extensive margin, but a positive effect on the intensive margin. This positive effect is uneven over the earnings distribution, and...
Persistent link: https://www.econbiz.de/10010330240
This paper describes the main characteristics of reverse mortgage and it also assesses the main aspects related to its implementation in Brazil. A reverse mortgage is an equity release product that allows old people to convert their housing asset into an income flow, without the requirement of...
Persistent link: https://www.econbiz.de/10010330955
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