overall effect of the noncontributory pension scheme implies a substantial reduction in national savings …

Mandatory contributions to retirement savings accounts may tighten existing borrowing constraints, forcing individuals … to forgo profitable investment options. This welfare-detrimental effect can be offset if retirement savings are allowed … combined with a pension system with unconditional basic savings …

' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We …

mandatory retirement savings. Agents with present bias may choose to work informally to avoid the mandatory contributions and … contribution rate will actually increase their savings and welfare …

of two tiers of second pillar savings – mandated and non-mandated (voluntary). Furthermore, the government can set two …

Wechselwirkung zwischen privater und staatlicher Altersvorsorge in einem Wohlfahrtsstaat beziehen. …

This paper examines how families adjust their private old-age savings in response to a change in individual pension …): 1998, 2003 and 2008. All results indicate that families do not adjust their private old-age savings in response to the … does not crowd-out old-age private savings. Hence, child care pension benefits increase a mother's old-age income without …

earners are higher. Additional savings made over the seven years remaining until retirement will raise those replacement rates … adjustments made for the absence of preretirement savings, children, taxes, work related expenses and other factors, these … are not consistent with a simple life cycle explanation for savings. They also raise questions about whether pensions are …