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Assessing Chile's pension system : challenges and reform options
Evans, Christopher; Pienknagura, Samuel - 2021
Persistent link: https://www.econbiz.de/10012796753
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The impact of pension system reform on projected old-age income : the case of Poland
Jarocinska, Elena; Ruzik-Sierdzińska, Anna - 2016
This paper analyses the distributional effects of the Polish old-age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969–1979. We find that...
Persistent link: https://www.econbiz.de/10011540363
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Notional defined contribution (NDC) pension schemes and income patterns
Nisticò, Sergio; Bevilacqua, Mirko - 2013
During the 1990s, some important European countries, particularly Italy and Sweden, have radically transformed their public pension system by adopting defined-contribution rules while retaining a pay-as-you-go financial architecture. This paper inquires into the theoretical properties of these...
Persistent link: https://www.econbiz.de/10009764835
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Assessing Chile's Pension System : Challenges and Reform Options
Evans, Christopher; Pienknagura, Samuel - 2022
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system … and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as …
Persistent link: https://www.econbiz.de/10013305547
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Pensions and household savings : cross-country heterogeneity in Europe
D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012156487
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Objectives and challenges in the implementation of a universal pension system in France
Boulhol, Hervé - 2019
The mission of the French High Commission for Pension Reform is to prepare the reform introducing a universal pension points system in France. This paper explains why implementing a universal points system in France would increase transparency, reduce inequality and generate efficiency gains for...
Persistent link: https://www.econbiz.de/10012111056
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Intergenerational actuarial fairness when longevity increases : amending the retirement age
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2021
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10012668785
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The impact of Covid-19 on pensions due to early withdrawals of pension savings
Castro, Rubén; González, Leonardo; Schiappacasse, Ignacio - 2022
The Chilean pension system was hit hard during 2020-2021 by the withdrawal of 25 per cent of the individual pensions … funds accumulated by 2019, an amount equivalent to 20 per cent of Chile's GDP. We estimate here the impact of those … pensions, including its heterogeneity matrix to simulate the distribution of pension impacts. The withdrawal impact decreases …
Persistent link: https://www.econbiz.de/10014494309
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Statistical overstatement of average wages and its impact on pensions : the case of Hungary
Obláth, Gábor; Simonovits, András - 2024
In Hungary, initial pensions are indexed to average net wages, reported by official earnings statistics (ES), which … regarding the path of net wages and implied (hypothetical) initial pensions. The main implications of this exercise are the …
Persistent link: https://www.econbiz.de/10014489393
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Intergenerational redistribution in a pay-as-you-go pension system
Lundberg, Jacob - 2024
This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings...
Persistent link: https://www.econbiz.de/10014531985