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Partial De-Annuitization of Public Pensions V.S. Retirement Age Differentiation. Which is Best to Account for Longevity Differences?

Vandenberghe, Vincent - 2022

Extensive research by demographers and economists has shown that longevity differs across socioeconomic status (SES), with low-educated or low-income people living, on average, shorter lives than their better-endowed and wealthier peers. Therefore, a pension system with a unique retirement age...

Persistent link: https://www.econbiz.de/10013297349

Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age

Bravo, Jorge Miguel; Ayuso, Mercedes; Holzmann, Robert; … - 2021

expectancy uses a Bayesian Model Ensemble approach to stochastic mortality modelling to generate forecasts of intergenerationally …

Persistent link: https://www.econbiz.de/10013314670

Longevity, retirement and intra-generational equity

Hougaard Jensen, Svend Erik; Thorsteinn Sigurdur Sveinsson - 2019

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life expectancy magnifies the negative effect on the...

Persistent link: https://www.econbiz.de/10012029124

The Ageing, Longevity and Crowding Out Effects on Private and Public Savings

Wong, Benjamin - 2010

Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings …. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure … savings. This paper addresses this potential bias by considering the joint effects age dependency and longevity have on …

Persistent link: https://www.econbiz.de/10013138658

One pillar crumbling, the others too short : old-age provision in Germany

Werding, Martin - 2016

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

A long-term evaluation of recent Hungarian pension reforms

Freudenberg, Christoph; Berki, Tamás; Reiff, Ádám - 2016

This paper studies the effect of Hungarian pension reforms between 2009-2012 on the adequacy and long-term fiscal stability of the Hungarian public pension system. For the adequacy analysis, we use a micro simulation model to project future initial pension levels relative to future gross wages....

Persistent link: https://www.econbiz.de/10011515910

Old age savings and house price shocks

McGee, Rory - 2021

savings, consumption, and bequests? Answering this question requires separating precautionary savings, bequest motives, and … the desire to remain in one's home. I develop and estimate a structural model of retirement savings decisions with …

Persistent link: https://www.econbiz.de/10012705128

Impact of Population Aging on Household Savings and Portfolio Choice in Japan

Iwaisako, Tokuo - 2017

population aging over the period 2000–14. While there is little doubt that household savings have decreased, the true trend …

Persistent link: https://www.econbiz.de/10012964317

Save or pay-as-you-go : the effcts of ageing on optimal retirement funding

Hott, Christian - 2019

savings relative to pay-as-you go systems. Our results indicate that more wealth should be transferred from the young to the … implicit return on a pay-as-you-go system and the interest rate on savings should be equal to the growth rate of the economy …

Persistent link: https://www.econbiz.de/10012317293

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Persistent link: https://www.econbiz.de/10012195738