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Persistent link: https://www.econbiz.de/10014470236
In this report, we document differences in pension incomes and pension saving between men and women in the UK, and analyse the drivers behind these differences. In particular, we examine two different 'gender pension gaps'. First is the gap in average private and state pension incomes between...
Persistent link: https://www.econbiz.de/10014470254
The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place since 2011 (except for a one-year temporary suspension in 2022), under the triple lock the state pension rises in line with the highest of CPI inflation, average earnings growth...
Persistent link: https://www.econbiz.de/10014470261
We estimate the returns to more targeted disability insurance (DI) programs in terms of labor force participation and worker health. To do so, we analyze male workers after an acute workplace injury that experience differential levels of application screening. We find that when workers face...
Persistent link: https://www.econbiz.de/10014480487
Asian Americans faced a disproportionately larger surge in unemployment rates than other racial and ethnic groups during the Covid-19 pandemic. While existing literature typically examines labor demand channels to explain this, we instead explore a labor supply channel. Our hypothesis is that...
Persistent link: https://www.econbiz.de/10014480493
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …
Persistent link: https://www.econbiz.de/10014480512
Using rich Finnish population level registers, we examine the impact of fusing a flexible early retirement pathway with …-related early retirement declined by 1.8 (1.5) percentage points equivalent to a relative drop of approximately 37% (39%) following … stronger behavioural response to the reform. We find tentative evidence of programme substitution to early retirement pathways …
Persistent link: https://www.econbiz.de/10014480716
retired. Upon retirement, backpack savings can be converted into an (actuarially fair) retirement pension. To complement the …%. In both economies, the annuity retirement option is an important component of the welfare gains. …
Persistent link: https://www.econbiz.de/10014496138
Although population aging requires that employees increasingly work beyond traditional retirement ages, negative age … process) in shaping occupational future time perspective and, in turn, motivation to continue working beyond retirement age … less motivated to continue working beyond retirement age, because they have a more constrained occupational future time …
Persistent link: https://www.econbiz.de/10013465300
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when … taxing pension contributions instead of withdrawals leads to delayed retirement, somewhat lower lifetime tax payments, and …
Persistent link: https://www.econbiz.de/10013466634