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The aim of this article is to analyse the question of career interruptions and to evaluate their impact on pension … retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the … interruptions. Second, we determine how pension rights for French employees are affected by different career accidents. We consider …
Persistent link: https://www.econbiz.de/10011166291
Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement … strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …
Persistent link: https://www.econbiz.de/10012113838
Most Americans will lack the financial resources to be secure and relatively satisfied upon retirement, and … commentators increasingly recognize that this “retirement crisis” calls for policy changes affecting both active participants in … towards addressing the retirement crisis while also providing a flexible framework for future policy reform …
Persistent link: https://www.econbiz.de/10012902923
and planned retirement timing decisions. Theory predicts that hyperbolic time preferences can lead to dynamically … inconsistent retirement timing. We find that time inconsistent participants retire on average 1.75 years earlier than time … consistent participants. Participants, who are not yet retired, decrease their planned retirement age as they grow older. This …
Persistent link: https://www.econbiz.de/10012855524
This paper investigates the effects of increasing the eligibility age for public pension on workers' retirement … decisions, focusing on recent Japanese public pension reforms. In Japan, the pensionable age for Employees' Pension Insurance …
Persistent link: https://www.econbiz.de/10012848177
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …
Persistent link: https://www.econbiz.de/10010482081
Low contribution levels to pension schemes in Latin America are an enormous obstacle limiting the implementation of a …, Chile, Colombia, Mexico and Peru. Once the specific question relating to pension contributions has been identified in the … affecting the likelihood to contribute to any pension system in Latin America. Working in the informal economy, being a self …
Persistent link: https://www.econbiz.de/10011277394
In Italy, the ageing of the population is leading to an increase of the pension expenditures. Before Dini reform in …-contribution formula that penalizes the early retirement and assures lower benefits. However, some considerations put the sustainability of … the pension system for future generations under discussion. A multipillar system with capitalisation elements (public …
Persistent link: https://www.econbiz.de/10010658859
-DC pension respond to a one standard deviation shock to quarterly market returns by adjusting their retirement date by …I provide evidence that defined contribution (DC) pensions make retirement more positively correlated with stock market … in 1984 from a DB pension system (CSRS) to a hybrid-DC pension system (FERS). I estimate that FERS exposes approximately …
Persistent link: https://www.econbiz.de/10013008079
state retirement of men. Work incentives associated with pension coverage and plan characteristics are calculated primarily … retirement model suggest that the long-run effects of changes in pension plans and social security account for about a quarter of …This article estimates the effects of changes in pension plans and social security in the 1970s and 1980s on the steady …
Persistent link: https://www.econbiz.de/10014182211