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The dramatic rise in the disability insurance (DI) rolls in the last 20 years has been the subject of much controversy. While the relationship between DI and labor force participation has been the subject of a growing literature, the mechanism of this transition from employment to DI remains...
Persistent link: https://www.econbiz.de/10011765132
Following the current Japan crisis with the multiple disasters of earthquakes, tsunami and nuclear disasters, it becomes clear that new policy solutions need to be found that enable larger risk pooling, covering of new risks and much larger risks, especially natural disasters or man-made...
Persistent link: https://www.econbiz.de/10013093679
This paper develops a social insurance accounting model for a notional defined contribution (NDC) scheme combining retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to compile a “Swedish” type actuarial balance sheet...
Persistent link: https://www.econbiz.de/10012912659
The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making...
Persistent link: https://www.econbiz.de/10012214821
This chapter examines the labor supply effects of social insurance programs. We argue that this topic deserves separate treatment from the rest of the labor supply literature because individuals may be imperfectly informed as to the rules of the programs and because key parameters are likely to...
Persistent link: https://www.econbiz.de/10014024856
The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making...
Persistent link: https://www.econbiz.de/10013323004
over the life-cycle. The interactions appear even though the two risks are orthogonal and they amplify the welfare … consequences of introducing social security. On the one hand, the interactions increase the welfare benefits from insurance. On the … other hand, they can in- or decrease the welfare costs from crowding out of capital formation. This ambiguous effect on …
Persistent link: https://www.econbiz.de/10010419846
are orthogonal by construction. While the interactions unambiguously increase the welfare benefits from insurance, they … can in- or decrease the welfare costs from crowding out of capital formation. The net effect depends on the relative …
Persistent link: https://www.econbiz.de/10012061588
The aim of the authors is to provide a critical statistical-analytical view of the current pension system of the Slovak Republic with special regard to old -age pension savings in its fifteen-year existence, resulting in proposals for adjustments to its operation. It includes an analysis of the...
Persistent link: https://www.econbiz.de/10012817892
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and … with a contribution rate of two percent leads to welfare gains of 2.2% of lifetime consumption in expectation, despite … substantial crowding out of capital. This welfare gain stands in contrast to the welfare losses documented in the previous …
Persistent link: https://www.econbiz.de/10010359333