Showing 1 - 10 of 1,668
average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing … replacement rates (pensions relative to earnings) for low-income workers. Despite this progressivity, in some countries, absolute … much more progressive, but still, because low-income workers do not qualify for minimum pensions, between 50-60% of …
Persistent link: https://www.econbiz.de/10014545279
The Non-financial (Notional) Defined Contribution (NDC) PAYGO pension scheme is a recent innovation and its generic dimensions have not previously been explored in a coherent context. This paper does this. It derives and analyzes the demographic, economic and distributional properties of NDC....
Persistent link: https://www.econbiz.de/10010321427
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10010262119
Variations among the diverse pension systems in the member states of the European Union (EU) hamper labor market mobility across national borders and also among firms within the countries of the EU. From a macroeconomic perspective, and in the light of demographic pressure, this paper argues...
Persistent link: https://www.econbiz.de/10009767598
Pension schemes have a significant influence on the saving and consumption decisions of households. Similarly, contributions to pension arrangements are substantial expenditures for national governments and also for corporations, depending on the prevailing pension system. Beyond this, pension...
Persistent link: https://www.econbiz.de/10012243471
over the function of providing pensions. They find that state provision crowds out private provision and places a … that are imposed on the private sector and which make pensions incomprehensible. Furthermore, as the authors show, the … ageing populations may make meaningful reform of government pensions programmes impossible, as 'grey' electors flex their …
Persistent link: https://www.econbiz.de/10013158842
pensions in the UK by discussing how pension systems outside the UK have been affected by the economic and financial crisis … in the case of pay-as-you-go state pensions and defined-benefit occupational pensions, theory would suggest that the … countries in the realm of pensions since the onset of the crisis in the second half of 2007. These countries have been chosen as …
Persistent link: https://www.econbiz.de/10013144536
health insurance and pensions. Benefit bundling may increase informality and decrease welfare. Indeed, if some of the …
Persistent link: https://www.econbiz.de/10010282481
This paper investigates empirically the fiscal and welfare trade-offs involved in designing a pension system when workers can avoid participation by working informally. A dynamic behavioral model captures a household's labor supply, formal/informal sector choice and saving decisions under the...
Persistent link: https://www.econbiz.de/10010359417
and that rural residents continue to work until advanced ages. Differences in access to generous pensions and economic …
Persistent link: https://www.econbiz.de/10012621584