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Should old-age benefits be earnings-tested?

Määttänen, Niku; Poutvaara, Panu - 2006

We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals' expected lifetime utility. Moreover, it also lowers the...

Persistent link: https://www.econbiz.de/10010284919

Should Old-age Benefits Be Earnings-tested

Määttänen, Niku; Poutvaara, Panu - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006

We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individualsŽ expected lifetime utility. Moreover, it also lowers the...

Persistent link: https://www.econbiz.de/10005818418

Endogenous retirement behavior of heterogeneous households under pension reforms

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … behavior of households, we observe that feedback effects do occur. Results suggest that individual retirement decisions are …

Persistent link: https://www.econbiz.de/10011891939

Introducing an Austrian backpack in Spain

Sousa, João Brogueira de; Díaz-Saavedra, Julián; … - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 3, pp. 513-556

retired. Upon retirement, backpack savings can be converted into an (actuarially fair) retirement pension. To complement the …%. In both economies, the annuity retirement option is an important component of the welfare gains. …

Persistent link: https://www.econbiz.de/10013459929

Efficiency and Equity Aspects of Alternative Social Security Rules

Jensen, Svend E. Hougaard; Lau, Morten I.; Poutvaara, Panu - In: FinanzArchiv: Public Finance Analysis 60 (2004) 3, pp. 325-325

This paper studies human-capital formation, labor-supply, and retirement decisions associated with four alternative …

Persistent link: https://www.econbiz.de/10005823445

Introducing an Austrian backpack in Spain

de Sousa, João Brogueira; Díaz-Saavedra, Julián; … - In: SERIEs - Journal of the Spanish Economic Association 13 (2022) 3, pp. 513-556

Persistent link: https://www.econbiz.de/10014496138

Should pensions be progressive? : yes, at least in Germany!

Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in … ; tax-benefit linkage ; endogenous retirement ; population ageing …

Persistent link: https://www.econbiz.de/10009375717

Effects of population ageing on the pension system in Belarus

Lisenkova, Katerina; Bornukova, Kateryna - In: Baltic journal of economics 17 (2017) 2, pp. 103-118

retirement age to 65 for both genders has a strong positive effect on sustainability of the pension system and keeps the deficit …

Persistent link: https://www.econbiz.de/10011890959

Should Pensions Be Progressive? Yes, at Least in Germany!

Fehr, Hans - 2011

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …

Persistent link: https://www.econbiz.de/10013127112

Optimal Pensions in Aging Economies

Heer, Burkhard - 2015

İmrohoroğlu, İmrohoroğlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the pay-as-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates...

Persistent link: https://www.econbiz.de/10013028781

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