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The complex implications of demographic advancements have been intensely studied for decades, while analysis of the specific consequences of demographic ageing are a more recent matter. The serious consequences identified have started to worry decision makers worldwide, who have acknowledged...
Persistent link: https://www.econbiz.de/10012731052
This paper presents an assessment of the overall economic impact of ageing for the EU Member States. It draws upon the macroeconomic assumptions developed by the Ageing Working Group attached to the Economic Policy Committee and the Directorate General for Economic and Financial Affairs for the...
Persistent link: https://www.econbiz.de/10012734809
Policy debates about the appropriate risk levels for individual retirement plans and social retirement plans (like … social security) often pay insufficient attention to the inescapable trade-off between payment risk (the risk of insufficient … funding for anticipated benefits) and short fall risk (the risk of insufficient benefits for a satisfactory retirement). Thus …
Persistent link: https://www.econbiz.de/10012776521
opposite redistribution, from the childless to those with children, would be efficient if individuals have low risk aversion …. Redistribution in favor of the infertile would only be justified when risk aversion is high …
Persistent link: https://www.econbiz.de/10012779785
the sustainability of the pension system. At the same time, the system should be able to help the elderly secure income …
Persistent link: https://www.econbiz.de/10012951328
This study answers the open question of whether workers respond to financial incentives in a command economy. To do this, I evaluate pension reforms in Soviet Russia in 1964 and 1969 that allowed pensioners to receive a greater share of their pensions if they worked, resulting in a progressive...
Persistent link: https://www.econbiz.de/10012900649
This paper provides a clear and transparent setting to study the effect of additional pension benefits on women's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy program to low pay workers, implemented in 1992. The...
Persistent link: https://www.econbiz.de/10012910725
Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...
Persistent link: https://www.econbiz.de/10012910941
Many countries have reduced the generosity of disability benefits while making them more activating – yet few studies have examined how employment rates have subsequently changed. We present estimates of how the employment rates of older workers with poor health in 13 high-income countries...
Persistent link: https://www.econbiz.de/10012911192
I estimate the effect of additional pension benefits on women's retirement decisions by examining a German pension subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients' past contributions, creating a sharply different slope of benefits for similar...
Persistent link: https://www.econbiz.de/10012890153