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The informal sector is an extensive phenomenon in developing countries. While some of its implications have drawn considerable attention in the literature, one relatively unexplored aspect has to do with the saving patterns of workers and firms and how these might influence aggregate savings and...
Persistent link: https://www.econbiz.de/10011290050
formal jobs rationing is limited and that mandatory pension contributions play an sizeable role in encouraging informality …
Persistent link: https://www.econbiz.de/10013052709
formal jobs rationing is limited and that mandatory pension contributions play an sizeable role in encouraging informality …
Persistent link: https://www.econbiz.de/10013053694
The informal sector is an extensive phenomenon in developing countries. While some of its implications have drawn considerable attention in the literature, one relatively unexplored aspect has to do with the saving patterns of workers and firms and how these might influence aggregate savings and...
Persistent link: https://www.econbiz.de/10013025922
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … when the assumptions used in the empirical analysis are invalid? (3) How valuable are pensions to households? Simulation …
Persistent link: https://www.econbiz.de/10010278632
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...
Persistent link: https://www.econbiz.de/10011349213
decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may …
Persistent link: https://www.econbiz.de/10010193875
This paper studies the elimination of traditional pensions and subsequent adoption of 401(k) plans by U.S. employers …
Persistent link: https://www.econbiz.de/10012592204
One problem for sustainability of systems pensions is how people without specialized financial training could manage …
Persistent link: https://www.econbiz.de/10012506177
saving by public and private pensions. Some parameters of the model are estimated and others are calibrated to match life … benefit (DB) and defined contribution (DC) pensions on average crowd out household wealth by $ 0 09 and $ 0 37 per dollar of …) generally resulting in larger simulated crowd out. A welfare analysis implies that DB pensions and Social Security are not …
Persistent link: https://www.econbiz.de/10011798975