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Intergenerational redistribution in a pay-as-you-go pension system
Lundberg, Jacob - 2024
This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings...
Persistent link: https://www.econbiz.de/10014531985
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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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Endogenous retirement behavior of heterogeneous households under pension reforms
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10011482705
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10011455532
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Pension reform in Belarus in the shadow of social Europe : vulnerability issues of people aged 50+ and points for improvement
Naūrodski, Sierž - 2016
The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...
Persistent link: https://www.econbiz.de/10011690961
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On financing retirement with an aging population
McGrattan, Ellen R.; Prescott, Edward C. - In: Quantitative economics : QE ; journal of the … 8 (2017) 1, pp. 75-115
A problem that faces many countries including the United States is how to finance retirement consumption as the population ages. Proposals for switching to a saving-for-retirement system that does not rely on high payroll taxes have been challenged on the grounds that welfare would fall for some...
Persistent link: https://www.econbiz.de/10011800942
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Difficulties in Romania’s public pension system
Miricescu, Emilian-Constantin - In: Budgetary research review : BRR 4 (2012) 1, pp. 65-72
small number of contributors, that determine a huge social insurance budget deficit. The development of private pensions …
Persistent link: https://www.econbiz.de/10010235122
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Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline
Fenge, Robert; Scheubel, Beatrice - 2013
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...
Persistent link: https://www.econbiz.de/10009792218
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The impact of social security on pension claiming and retirement: active vs. passive decisions
Lalive, Rafael; Magesan, Arvind; Staubli, Stefan - 2020
We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...
Persistent link: https://www.econbiz.de/10012256958