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retirement age to 65 for both genders has a strong positive effect on sustainability of the pension system and keeps the deficit …
Persistent link: https://www.econbiz.de/10011890959
retirement decisions. In 2000 and 2002 the Teacher Retirement System increased the benefit levels of all employees covered by the … force. Additionally I find that a 10 percent increase in forward looking incentives decreases the probability of retirement …
Persistent link: https://www.econbiz.de/10012948462
retirement and long-term care (LTC) contingencies. The procedure relies on standard double-entry bookkeeping and enables us to …
Persistent link: https://www.econbiz.de/10012912659
assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male ….We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …
Persistent link: https://www.econbiz.de/10012915326
Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory fully funded occupational pension systems, and mandatory social security financed by pay-as-you-go. The specific mixture of the three systems we will call the pension composition....
Persistent link: https://www.econbiz.de/10012916335
This paper investigates the effects of increasing the eligibility age for public pension on workers' retirement …
Persistent link: https://www.econbiz.de/10012848177
In this paper we develop a theoretical basis for integrating retirement and permanent disability using a generic NDC …
Persistent link: https://www.econbiz.de/10014147049
. Therefore, a pension system with a unique retirement age is a priori problematic. The usual policy recommendation to address … this problem is to differentiate the retirement age by SES. This paper explores the relative merits of partial de …
Persistent link: https://www.econbiz.de/10013297349
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age … for retirement. Using administrative data from public pension insurance accounts, we first document a substantial bunching …
Persistent link: https://www.econbiz.de/10014276849