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This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own standards, Simon is an economist who works in the tradition of Adam Smith and Alfred Marshall. The central theme in Simon’s research is how human beings organize themselves in...
Persistent link: https://www.econbiz.de/10010325163
retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional … the policy reform on early retirement behaviour. We use a large administrative dataset, the Dutch Income Panel 1989 …-2000, to estimate hazard rate models for early retirement. We conclude that the policy reform induced workers to postpone early …
Persistent link: https://www.econbiz.de/10010325586
This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture observed in the OECD or selected countries...
Persistent link: https://www.econbiz.de/10010326595
The US has legislated to abolish its social security earnings test. A priori it is not possible to predict the effect this will have on work incentives. Using data from the Family Expenditure Survey we show that the abolition of the earnings rule in the UK increased the number of hours worked by...
Persistent link: https://www.econbiz.de/10010330355
This paper describes the main characteristics of reverse mortgage and it also assesses the main aspects related to its implementation in Brazil. A reverse mortgage is an equity release product that allows old people to convert their housing asset into an income flow, without the requirement of...
Persistent link: https://www.econbiz.de/10010330955
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...
Persistent link: https://www.econbiz.de/10010332306
In order to respond to the social security needs of an increasingly aged population, many governments with limited budgets are required to focus available resources on the direct causes of people's anxieties about aging. This study investigated the causes of people's anxieties about life after...
Persistent link: https://www.econbiz.de/10010332383
Pension systems in European countries are under review due to demographic changes. As a solution to the graying population, second and third pillar pensions are advocated. However, it is important not to lose sight of the social consequences of encouraging these private pensions. In this master...
Persistent link: https://www.econbiz.de/10010335560
Persistent link: https://www.econbiz.de/10011587925
In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and...
Persistent link: https://www.econbiz.de/10011600983