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Are social security programs progressive?

Forteza, Alvaro - In: IZA World of Labor (2015)

Social security programs generally seek to provide insurance and to reduce poverty and inequality. Providing insurance requires little redistribution. But reducing inequality and alleviating poverty do require redistribution. To reduce inequality, programs must redistribute income, but...

Persistent link: https://www.econbiz.de/10011405009

Financial Incentives and the Timing of Retirement: Evidence from Switzerland

Hanel, Barbara; Riphahn, Regina - 2006

We use reforms in the Swiss public retirement system to identify the responsiveness of retirement timing to financial incentives. A permanent reduction of retirement benefits by 3.4 percent induces more than 70 percent of females to postpone their retirement. The responsiveness of male workers,...

Persistent link: https://www.econbiz.de/10010294650

New Evidence on Financial Incentives and the Timing of Retirement

Hanel, Barbara; Riphahn, Regina T. - 2009

We investigate the responsiveness of individual retirement decisions to changes in financial incentives. The causal effect is identified based on the natural experiment generated by an institutional reform. The results of a binary retirement model are robust to alternative model specifications,...

Persistent link: https://www.econbiz.de/10010294733

Social Security and Retirement across the OECD

Alonso-Ortiz, Jorge - Centro de Investigación Económica (CIE), Departamento … - 2010

Employment to population ratios differ markedly across OECD countries relative to rates in the U.S., especially for persons aged 55-69. Social security features also differ across the OECD, particularly with respect to replacement rates, entitlement ages and earnings tests. I conjecture that...

Persistent link: https://www.econbiz.de/10010538927

Social security and retirement across the OECD

Alonso-Ortiz, Jorge - Volkswirtschaftliche Fakultät, … - 2010

Employment to population ratios differ markedly across OECD coun- tries, especially for people over 55. Social security features also differ markedly across the OECD, particularly with respect to replacement rates, entitlement ages and earnings tests. I conjecture that differences in social...

Persistent link: https://www.econbiz.de/10009403451

"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems

van Praag, Bernard M. S.; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10010276956

The timing of retirement: New evidence from Swiss female workers

Hanel, Barbara; Riphahn, Regina T. - 2012

We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time retirement at the previous NRA became possible at a...

Persistent link: https://www.econbiz.de/10010281919

Effects of legal and unauthorized immigration on the US social security system

Eren, Selçuk; Benítez-Silva, Hugo; Cárceles-Poveda, Eva - 2011

Immigration is having an increasingly important effect on the social insurance system in the United States. On the one hand, eligible legal immigrants have the right to eventually receive pension benefits but also rely on other aspects of the social insurance system such as health care,...

Persistent link: https://www.econbiz.de/10010286542

Effects of demographic development, labour supply and pension reforms on the future pension burden

Fredriksen, Dennis; Stølen, Nils Martin - 2005

A much higher old-age dependency ratio together with more generous pension benefits will lead to a substantial increase in the future pension burden in Norway. The challenges of financing the increasing pension expenditures depend on the development in demographic characteristics like fertility,...

Persistent link: https://www.econbiz.de/10011968188

Life expectancy and claiming behavior in a flexible pension system

Fredriksen, Dennis; Brinch, Christian N.; Vestad, Ola L. - 2017

We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public … modest. Based on analyses exploiting only variation in expected pensions generated by variation in parental longevities and … only claiming of pensions not in conjunction with retirement, we conclude that part of the selection is active: Some …

Persistent link: https://www.econbiz.de/10011968629