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The objective of the paper is to examine the retirement behaviour of Belgian workers in one-earner households who are … study the link between retirement and financial retirement incentives created by the social security system. We find that … the household replacement rate generates slightly higher retirement incentives through an income effect and we find that …
Persistent link: https://www.econbiz.de/10012801885
A simulation approach is used to investigate how various investment strategies affect the ability of retirees to spend at a desired level up until death. Retirees are assumed to maintain all investment and longevity risk, and also have access to a government-sponsored and means tested Age...
Persistent link: https://www.econbiz.de/10013089037
Persistent link: https://www.econbiz.de/10014583134
In recent years, the prospect of increasing individual interest in annuitizing retirement savings has been enhanced … through an insurance product designed to provide monthly benefits only after a significant deferral period in retirement. In … modify the market for longevity annuities, it is useful to model the degree to which QLACs can improve retirement security …
Persistent link: https://www.econbiz.de/10014133550
their assets inside and outside tax-qualified retirement plans, their mortality assumptions, and their accrued Social … how these interact is of key importance in order to generate efficient retirement portfolios. Additionally, there is …
Persistent link: https://www.econbiz.de/10014348756
Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …
Persistent link: https://www.econbiz.de/10011580555
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011455532
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011482705
This paper looks at one slice of the income pie of the older population: retirement annuities and employment … early retirement options available to individuals beginning at age 50. Recent data from the March 2009 Current Population … demographic variables have a significant impact on the likelihood of a worker receiving a retirement annuity and/or employment …
Persistent link: https://www.econbiz.de/10014195431
This paper looks at one slice of the income pie of the older population: retirement annuities and employment …-based pensions. It analyzes the population age 50 and over in order to take into account the prevalence of early retirement options … significant impact on the likelihood of a worker receiving a retirement annuity and/or employment-based pension income in …
Persistent link: https://www.econbiz.de/10014212543