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This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a...
Persistent link: https://www.econbiz.de/10014370431
We provide novel evidence about the incentive and welfare effects of an increase in the generosity of disability benefits. Importantly, a unique policy variation in Germany allows us to isolate the income effect of a change in benefit generosity. We leverage this quasi-experimental policy...
Persistent link: https://www.econbiz.de/10015063462
This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a...
Persistent link: https://www.econbiz.de/10014088379
We provide novel evidence about the incentive and welfare effects of an increase in the generosity of disability benefits. Importantly, a unique policy variation in Germany allows us to isolate the income effect of a change in benefit generosity. We leverage this quasi-experimental policy...
Persistent link: https://www.econbiz.de/10015079924
Studying the age-dimension of the probability distribution of pensions while assuming steadily rising real wages and time-invariant benefit-rules, two factors play important roles: (i) the weight of the wages in indexation of benefits in progress; (ii) the longevity gap. Factor (i) acts against...
Persistent link: https://www.econbiz.de/10014452017
household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …
Persistent link: https://www.econbiz.de/10009304386
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Persistent link: https://www.econbiz.de/10010237998
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