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decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one's standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a …
Persistent link: https://www.econbiz.de/10012993075
This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper...
Persistent link: https://www.econbiz.de/10011537789
In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in...
Persistent link: https://www.econbiz.de/10013089348
Can the freedom to choose how retirement funds are invested leave workers worse off? We analyze social risks of allowing choice, using the Social Security system as an example. Comparing a privatized alternative with the current system via simulation, we document that choice in both equity...
Persistent link: https://www.econbiz.de/10013063959
Persistent link: https://www.econbiz.de/10011633625
privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201
Social Security is the largest federal government spending program and one of the most popular. The earmarked payroll taxes that finance Social Security currently exceed benefit payments. By the end of 1996, the Social Security trust fund had accumulated about $566 billion in assets and was...
Persistent link: https://www.econbiz.de/10013051529
This paper uses the theory of "capital as power" to analyze the struggle over public pensions in the United States …. While mainstream commentators claim that public pensions must be "reformed" because they are "under funded", I argue that … enormous investment fees associated with it. I propose that the deconstruction of public pensions is part of a larger effort to …
Persistent link: https://www.econbiz.de/10013272851
, and the effects on the savings rate as well as on the rates of return and labor market are discussed. Furthermore, the …
Persistent link: https://www.econbiz.de/10009767697
The present paper studies the role of social security in an economy populated by overlapping generations of individuals that have time-consistent or time-inconsistent preferences, face mortality and individual income risk, borrowing constraints as well as progressive income taxes. Our...
Persistent link: https://www.econbiz.de/10009744914