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Many Western countries with an aging population consider reforms of their pay-as-you-go pension systems. In Sweden a …
Persistent link: https://www.econbiz.de/10010321800
Many Western countries with an aging population consider reforms of their pay-as-you-go pension systems. In Sweden a …
Persistent link: https://www.econbiz.de/10005419190
The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension schemes. With this aim in mind, we first extend the model developed by Boado-Penas & Vidal-Meliá (2014) by allowing for changes in the growth of the active population. We then...
Persistent link: https://www.econbiz.de/10012973888
) is kept by the scheme, in Sweden it is distributed among the same cohort survivors. This paper aims to analyse to what …
Persistent link: https://www.econbiz.de/10013004273
How are notional defined contribution (NDC) pension schemes and fertility correlated? How is the return rate of NDC account determined? This study elucidates the dynamics of the correlations between NDC pension schemes and fertility by considering endogenous labor supply in an imperfect labor...
Persistent link: https://www.econbiz.de/10012933475
number of European countries such as Italy, Latvia, Norway, Poland, and Sweden. The NDC approach features the lifelong …
Persistent link: https://www.econbiz.de/10011705179
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10011993112
To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...
Persistent link: https://www.econbiz.de/10010362261
To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...
Persistent link: https://www.econbiz.de/10010362934
This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay … workers, accounting for 70% of their pension contributions. However, the study also highlights the effectiveness of Sweden …, Sweden's reformed system successfully mitigates further generational inequities in the pension system. …
Persistent link: https://www.econbiz.de/10014531985