Showing 1 - 10 of 2,122
most demographic groups. -- Immigrant workers ; life cycle models ; saving ; social security ; public pensions …
Persistent link: https://www.econbiz.de/10003959164
In the presence of means tested basic income for old age, households will tend to reduce precautionary savings to an … representative agent framework with two income types, compulsory savings are found to be Pareto-improving up to a point. Beyond that … found for pay-as-you-go pensions. On the basis of our model we argue that the introduction of a funded pension component may …
Persistent link: https://www.econbiz.de/10014124681
A well-established result in the literature is that Social Security tends to reduce steady state welfare in a standard life cycle model. However, less is known about the historical effects of the program on agents who were alive when the program was adopted. In a computational life cycle model...
Persistent link: https://www.econbiz.de/10012970830
The paper evaluates the distributional effects on earnings and income of requiring young welfare recipients to fulfill conditions related to work and activation. It exploits within-social insurance office variation in policy arising from a geographically staggered reform in Norway. The reform...
Persistent link: https://www.econbiz.de/10011798232
Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
Persistent link: https://www.econbiz.de/10009765440
When the age of death is uncertain, individuals will leave bequestseven if they have no desired bequestssimply because they will hold wealth against the possibility of living longer. Bequests are accidental. Starting from a baseline level of Social Security benefits, an increase in benefits will...
Persistent link: https://www.econbiz.de/10003720947
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People's Republic of China, Indonesia, Republic...
Persistent link: https://www.econbiz.de/10013106914
When the age of death is uncertain, individuals will leave bequests - even if they have no desired bequests - simply because they will hold wealth against the possibility of living longer. Bequests are accidental. Starting from a baseline level of Social Security benefits, an increase in...
Persistent link: https://www.econbiz.de/10012726818
This paper uses a regression discontinuity design to study the impacts of a noncontributory pension program covering one-third of Bolivian households during the COVID-19 pandemic. Although the program was not designed to provide emergency assistance, it took on additional importance during the...
Persistent link: https://www.econbiz.de/10012587550
card has become the primary determinant of access to social pensions. However, this focus on the ration card has its own …
Persistent link: https://www.econbiz.de/10011723774