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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
article tries to close this gap by analyzing the development of Prussian savings banks' deposits in the late 19th century. The … introduction of social security can affect private savings in at least two different ways: on the one hand, it might induce … households to reduce their precautionary savings; one the other hand, it might give people a reason to reflect on their financial …
Persistent link: https://www.econbiz.de/10012159542
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
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
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
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
Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the centre of Malaysia’s ambition to become a...
Persistent link: https://www.econbiz.de/10011700175
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
The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they can top up with voluntary contributions. In return,...
Persistent link: https://www.econbiz.de/10011412090
savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with …
Persistent link: https://www.econbiz.de/10011509477