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Drastic demographic changes in Japan have forced Japanese municipalitiesto seek ways to prevent further shrinking. One strategy initiated by severaltowns and cities is to attract retirees. Due to recent changes in elderly people’slifestyles, it is not unreasonable to opt for this strategy:...
Persistent link: https://www.econbiz.de/10009418735
Life annuities provide a guaranteed income for the remainder of the recipi-ent’s lifetime, and therefore, annuitization presents an important option whenchoosing an adequate investment strategy for the retirement ages. While thereare numerous research articles studying annuities from a...
Persistent link: https://www.econbiz.de/10009418825
Vor dem Hintergrund der Reformen des Rentensystems zeigt sich dieNotwendigkeit zur Förderung der freiwilligen zusätzlichen Altersvorsorge sowohlaus sozialpolitischer als auch aus individueller Sicht. Dabei spielenpsychologische Faktoren wie die Bereitschaft zur privaten Altersvorsorge...
Persistent link: https://www.econbiz.de/10009418880
which explicitly accountsfor the role of the lifecycle as well as search and matching frictions in the labor market. In our … model,public pension programs alter the age composition of the labor force by inducing the jobless elderlyto retire. By … requiring a long history of labor market attachment in order to receive benefits, theseprograms raise the future value of …
Persistent link: https://www.econbiz.de/10009418930
CII Introduction: People are living longer and with this come increased costs of pensions, health and social care. Is the financial services industry as it is currently configured capable of supporting consumers in this difficult environment? How will it meet the needs of those who are often...
Persistent link: https://www.econbiz.de/10005870107
This article, based on two books (Barr and Diamond 2008, forthcoming), sets out a series of principles for pension design rooted in economic theory: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be framed in a second-best...
Persistent link: https://www.econbiz.de/10005871035
This Report is about Reforming pensions in China, Chile and elsewhere.
Persistent link: https://www.econbiz.de/10005871037
The government’s pensions Green Paper – A new contract for welfare:partnership in pensions – proposes fundamental changes to the UK’sretirement income system. Members of CASE and of the Department ofSocial Policy at LSE have looked at the likely implications of the reformsfor pensioner...
Persistent link: https://www.econbiz.de/10005871069
Following the implementation of the government’s fuel poverty strategy in 2001, Warm Front is expected to make a substantial contribution to reducing the number of fuel poor households – those unable to afford to heat their homes adequately1. This report focuses on the targeting of the...
Persistent link: https://www.econbiz.de/10008836945
Recent events in several countries have underscored the importanceof good governance in private occupational pension plans. Thepresent paper uses contract theory to analyze the interplay of residualclaims and control rights in private pensions. The residual claimant isthe plan sponsor in a...
Persistent link: https://www.econbiz.de/10009138490