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The aim of this paper is to make an assessment of the 2011 reform of the public pension system in Spain using the … that Spain did not take advantage of the lessons learned in Sweden, it did not include any elements for improving the … medium term, the long term or even the short term. The new parametric reforms currently under consideration in Spain are …
Persistent link: https://www.econbiz.de/10014169394
most developed countries, including in Spain. Many countries need to introduce reforms of their pension systems in order to … cannot be readily perceived by the population. That is why some economists in Spain refer to it as the "Silent Reform". The … aim of this paper is to analyse the consequences this type of reform would have in Spain; indeed, it is the first paper to …
Persistent link: https://www.econbiz.de/10013050491
Spain but that could have a significant impact if it were fully implemented. This reform, called ‘silent reform’ because it … consequences of this type of reform in Spain. We have used an accounting model with heterogeneous agents and overlapping …
Persistent link: https://www.econbiz.de/10011657538
This paper examines the empirical link between retirement and the supply of volunteer labor, using panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. To identify the causal impact, we exploit a major reform of the Australian Age Pension which has significantly...
Persistent link: https://www.econbiz.de/10012604177
As many governments raise eligibility ages for retirement benefits, there are concerns that such reforms disproportionately affect poorer households. In this paper, I examine the distributional effects of a 1994 Australian reform that increased women’s pension-eligibility age from 60 to 65....
Persistent link: https://www.econbiz.de/10014105390
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
Persistent link: https://www.econbiz.de/10011635567
Persistent link: https://www.econbiz.de/10014334695
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced...
Persistent link: https://www.econbiz.de/10008824262