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Pensions and household savings : cross-country heterogeneity in Europe
D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012156487
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The impact of Covid-19 on pensions due to early withdrawals of pension savings
Castro, Rubén; González, Leonardo; Schiappacasse, Ignacio - 2022
The Chilean pension system was hit hard during 2020-2021 by the withdrawal of 25 per cent of the individual pensions … funds accumulated by 2019, an amount equivalent to 20 per cent of Chile's GDP. We estimate here the impact of those … pensions, including its heterogeneity matrix to simulate the distribution of pension impacts. The withdrawal impact decreases …
Persistent link: https://www.econbiz.de/10014494309
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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
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The effect of increasing the early retirement age on savings behavior before retirement
Etgeton, Stefan; Fischer, Björn; Ye, Han - 2019
Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging future employment. Exploiting across cohort variation in...
Persistent link: https://www.econbiz.de/10012133536
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One pillar crumbling, the others too short : old-age provision in Germany
Werding, Martin - 2016
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked …
Persistent link: https://www.econbiz.de/10011429583
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Do retirement savings increase in response to information about retirement and expected pensions?
Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2018
public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … direct way to increase public pensions, increase after receiving the letter. …
Persistent link: https://www.econbiz.de/10011782119
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How would 401(k) "Rothification" alter saving, retirement security, and inequality?
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...
Persistent link: https://www.econbiz.de/10013464027
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The effects of pension information on individuals’ economic outcomes : a survey
Basiglio, Stefania; Oggero, Noemi - In: Economies : open access journal 8 (2020) 3/67, pp. 1-16
pensions. …
Persistent link: https://www.econbiz.de/10012296088
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Generational accounting, solidarity and pension losses
Teulings, Coen N.; Vries, Casper G. de - 2003
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings …
Persistent link: https://www.econbiz.de/10012154725