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Nyang`oro, Owen; Njenga, Githinji - 2022

provides elderly assistance and is a source of savings for long-term investment. The pension systems in SSA, however, are …

Persistent link: https://www.econbiz.de/10013349380

Is Social Security Behind the Collapse of Personal Saving?

Caliendo, Frank - 2009

This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...

Persistent link: https://www.econbiz.de/10013157190

Who cares about the day after tomorrow? : pension issues when households are myopic or fime inconsistent

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte - 2017

particularly relevant for the quickly aging Asian economies: the volume of savings for old-age provisions, international … diversification of retirement savings, and global spillover effects of pension reforms. …

Persistent link: https://www.econbiz.de/10011635567

Chapter 13. Social Security and Public Insurance

Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...

Persistent link: https://www.econbiz.de/10014023471

Social security pension generosity and the effect on household saving

Halvorsen, Elin; Jia, Zhiyang; Kruse, Herman; Vigtel, … - 2022

This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using cohort, time and sector variation in pension wealth induced...

Persistent link: https://www.econbiz.de/10013370964

Pension expectations and reality : what do Italian workers know about their future public pension benefits?

Baldini, Massimo; Mazzaferro, Carlo; Onofri, Paolo - 2015

We use 6 waves of the Bank of Italy's Survey on household income and wealth (SHIW) to check the evolution of workers …

Persistent link: https://www.econbiz.de/10011715810

Portfolio decisions on life annuities and financial assets with longevity and income uncertainty

Pech, Susanne - 2004

There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the life-cycle hypothesis. In this paper we design a theoretical framework, which combines plausible arguments, which have been put forward in the literature to reconcile theory with...

Persistent link: https://www.econbiz.de/10009748294

Saving social security

Lane, Edward - 2024

For more than 25 years, the Social Security Trust Fund has been projected to run out of money in 2033 (give or take a few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today (February 2024), projections are made by the Social...

Persistent link: https://www.econbiz.de/10014480253

Tax-Deferred Savings and Early Retirement

Pang, Gaobo - 2008

reveal that conventional savings (CSAs) serve mainly for liquidity and TDAs for retirement and bequests. The tax incentives … are generally effective in stimulating new savings for the middle and upper income groups. TDAs facilitates wealth … accumulation, which perhaps unintentionally encourages earlier retirement. TDAs fail to induce new savings and affect the …

Persistent link: https://www.econbiz.de/10012726753

Optimal sharing of labor productivity risks and mix of pay-as-you-go and savings

Kusmerski Bilard, Debora - 2008

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

Persistent link: https://www.econbiz.de/10011376622

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