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Persistent link: https://www.econbiz.de/10015056693
employment is that individuals keep their pre-retirement jobs longer. (4) To quantify the effects of the reform on average …
Persistent link: https://www.econbiz.de/10011527676
security wealth, by about 3 %. Doubling the early retirement penalty neither affect benefits nor social security wealth. An FRA …
Persistent link: https://www.econbiz.de/10011527677
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across … employment and unemployment and earnings over the lifecycle as well as the differential impact of recent pension reforms on birth … for people with little education. Using simulated life cycle employment and income profiles, we project gross future …
Persistent link: https://www.econbiz.de/10010273130
In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...
Persistent link: https://www.econbiz.de/10010329357
constructed. Specifically, social security wealth, accrual rate, peak and option values are computed for more than 300 …
Persistent link: https://www.econbiz.de/10010396768
We evaluate the actual effectiveness of disincentives that have been introduced for early retirement in Germany. Therefore, we set up a detailed model of the German social security and tax system with special attention to the PAYG-pension system. Building on the fact that the institutional...
Persistent link: https://www.econbiz.de/10010396910
incentives, e.g. social security wealth or health status, and personal fixed effects, the steepness of the wage profile will have …
Persistent link: https://www.econbiz.de/10011301759
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. In 2004, pension authorities started to send out annual letters providing information about the pension system and expected pension payments. Using...
Persistent link: https://www.econbiz.de/10011712612
We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium...
Persistent link: https://www.econbiz.de/10011712694