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Both policymakers and members of the public are concerned regarding the adequacy of U.S. households' retirement savings. In response, proposals have been made to expand Social Security benefits and to establish state government-run retirement plans for private sector employees. In both cases,...
Persistent link: https://www.econbiz.de/10012847028
This paper analyses the effects of retirement on cognitive abilities for the elderly poor on the basis of the “mental retirement” effect that accompanies retirement. Given the recent emergence and expansion of non-contributory pension programs to alleviate poverty in old-age across low and...
Persistent link: https://www.econbiz.de/10013058590
Recently several countries, including Estonia, Latvia, Lithuania, Hungary, Poland, Romania and Slovakia, have at least partially reversed their earlier moves towards compulsory defined-contribution schemes. This paper concentrates on Poland, which just reduced contributions going to the...
Persistent link: https://www.econbiz.de/10009229814
More than half of U.S. states are working to establish programs what would automatically enrollment in Individual Retirement Accounts (IRAs) workers who are not offered a retirement plan by their employer. These programs are designed to address a perceived shortfall of retirement saving,...
Persistent link: https://www.econbiz.de/10012901552
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison...
Persistent link: https://www.econbiz.de/10012863219
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems "raison...
Persistent link: https://www.econbiz.de/10012265643
Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people...
Persistent link: https://www.econbiz.de/10010231393
The severe economic crisis affecting Greece is widely expected to have a significant social impact in terms of greater inequality and increased poverty. We provide an early assessment of whether (and to what extent) this is the case. More specifically, we distinguish between two inter-related...
Persistent link: https://www.econbiz.de/10010288252
Financial poverty indicators still play an important role in policymaking and evaluation. Countries such as the USA and the EU member states use one or several 'official' poverty indicators on which success of poverty reduction policy is regularly monitored. Whereas the US poverty indicator is...
Persistent link: https://www.econbiz.de/10014220149
Official poverty methodologies differ from other poverty measurement methods in the sense that the official ones are more often used as a benchmark to develop new policies as well as to evaluate the performance of existing programs. Europe has the tradition and the practice to use relative...
Persistent link: https://www.econbiz.de/10014220150