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This paper investigates the sources of the differences between men's and women's pension income among individuals aged … 65+. We model the probability of receipt of private pension income and the level of individual pension income using … data from the British Household Panel Survey, combining panel data from waves 1-10 and the retrospective lifetime …
Persistent link: https://www.econbiz.de/10005398554
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encourage individuals to retire earlier than the statutory full pensionable age. These incentives are stronger for low-income …
Persistent link: https://www.econbiz.de/10011243442
income longevity. I examined Confederate pensions in Texas and Oklahoma, which enacted pension laws for veterans in 1889 and … Grossman model to test the effect of pension income on mortality. Since Confederate pensions represent a significant source of … permanent, steady income for the veterans, I am able to determine the role of newly-endowed wealth on longevity. I found that …
Persistent link: https://www.econbiz.de/10011084953
affect post‐retirement income in the UK. Design/methodology/approach – The authors estimate a PROBIT model and perform a … counterfactual simulation to assess the effects of changes in the earnings distributions on pensions in the UK. The paper uses data … from the British Household Panel Survey (BHPS). Findings – The distribution of labour earnings before retirement plays a …
Persistent link: https://www.econbiz.de/10014863365
The gap between wealthy and poor is widening, in part due to the epochal rise in the value of financial assets. Middle‐class savers channel their monthly contributions into mutual funds, which in turn invest the money in stocks and bonds. These accounts then accumulate, and the gains are...
Persistent link: https://www.econbiz.de/10014946648
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the … impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …
Persistent link: https://www.econbiz.de/10010332306
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