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We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a … equilibrium with positive social security contribution rates and early retirement. Aging has two opposite effects: it leads to … the existence of crucial income effects: a decrease of the income of young people will induce them to postpone retirement …
Persistent link: https://www.econbiz.de/10013318158
Why are Bismarckian social security systems associated with larger public pension expenditures, a smaller fraction of private pension and lower income in-equality than Beveridgean systems? These facts are puzzling for political economy theories of social security which predict that Beveridgean...
Persistent link: https://www.econbiz.de/10014086932
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 chapter reviews the theoretical and empirical issues dealing with Social Security pensions. The first part of the chapter discusses pure pay-as-you-go plans. It considers the effects of introducing such a plan on the present value of consumption, the optimal level of benefits in such plans,...
Persistent link: https://www.econbiz.de/10014024857
wealth. This pattern is consistent across multiple retirement age thresholds and cohorts, including both individuals who have …
Persistent link: https://www.econbiz.de/10014486681
This paper investigates the fiscal pressure from demographic change in relation to the labour marketspace for fifty … started using their space in anticipation to higher demographic pressure is rejected. Raising the retirement age in developed … economies by five years alleviates the pressure by almost 30% and creates 10% more labour market space. …
Persistent link: https://www.econbiz.de/10011524903
fact that raising the retirement age is overdue in Belarus to address demographic challenges, it may have a negative impact … on the quality of life of people close to retirement age as well as a poorer GDP effect within current conditions on the …
Persistent link: https://www.econbiz.de/10011690961
curtailment. While Congress will most probably prevent benefits from being reduced for retirees and those nearing retirement, the …
Persistent link: https://www.econbiz.de/10014480253
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10011398074