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Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits

Abashidze, Nino; Clark, Robert L.; Craig, Lee A. - National Bureau of Economic Research - 2022

In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the...

Persistent link: https://www.econbiz.de/10013388828

Calculating the redistributive impact of pension systems in LAC

Altamirano, Alvaro; Oliveri, María Laura; Bosch, Mariano; … - 2023

This paper examines the implicit subsidies within pension systems across Latin America and the Caribbean (LAC) region. We first calculate the theoretical benefits of pension for hypothetical workers in 25 countries in LAC. We show that, on average, LAC's pension systems are subsidized, as they...

Persistent link: https://www.econbiz.de/10014545279

Social security and inequality in Belgium

Klinges, Giulia; Jousten, Alain; Lefebvre, Mathieu - 2024

Over the years, the Belgian social security system has undergone substantial reform with a prime focus on increasing older worker labor force participation. The paper explores the effect of past reforms on inequality in old age. We distinguish two separate effects: The mechanical effect...

Persistent link: https://www.econbiz.de/10014462141

Do Older Adults Accurately Forecast Their Social Security Benefits?

Seiter, Grant M.; Slavov, Sita N. - National Bureau of Economic Research - 2023

How accurate are older people's expectations about their future Social Security benefits? Using panel data from the Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective expectations provided during their 50s and early 60s. We...

Persistent link: https://www.econbiz.de/10014247944

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

Beliefs about the gender pension gap

Schuetz, Jana - 2024

I conduct an online survey of 3,000 respondents in the United States to examine individuals' beliefs about the gender pension gap. By including an information provision experiment in which treated respondents are informed about the size of the gender pension gap, I examine whether receiving this...

Persistent link: https://www.econbiz.de/10014467640

How and why the gender pension gap in urban China decreased between 1988 and 2018

Gustafsson, Björn; Zhan, Peng; Jia, Hanrui - 2023

In urban China, gender gaps in employment and earnings have steadily increased since the 1990s. Such gender gaps are …

Persistent link: https://www.econbiz.de/10014422271

The impact of social security eligibility and pension wealth on retirement

Sæverud, Johan - 2024

wealth. This pattern is consistent across multiple retirement age thresholds and cohorts, including both individuals who have … that welfare effects are unequally distributed. Individuals with low pension wealth show the largest increases in labor …

Persistent link: https://www.econbiz.de/10014486681

Did Soviet elderly employment respond to financial incentives? : evidence from pension reforms

Malkova, Olga - 2019

-in-differences frameworks. I collect and digitize novel data from the Soviet archives on pensioner employment, constructing the first database … the benefit reduction rate fell from an average of 47.8 to 24.1 percent, pensioner employment rates rose by 5.7 percentage … points, representing a 47 percent increase. Finally, I provide illustrative estimates of the employment elasticity with …

Persistent link: https://www.econbiz.de/10012138755

Labour supply of older people in advanced economies : the impact of changes to statutory retirement ages

Geppert, Christian; Guillemette, Yvan; Morgavi, Hermes; … - 2019

A decomposition of changes to participation rates of 55-to-74 year-olds between 2002 and 2017 based on an estimated equation attributes more than two thirds of the median increase (of 10.9 percentage points) to rising life expectancy and educational attainment. About 1 percentage point is...

Persistent link: https://www.econbiz.de/10012111057