Similar Search Results

Demographics, Pension Systems and the Saving-Investment Balance

Chai, Hua - 2019

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10012895118

Security & Sustainability In Defined Benefit Pension Schemes : A Response To The Department Of Work & Pensions Consultation

Clacher, Iain - 2020

Persistent link: https://www.econbiz.de/10012825377

The Effect of Pension Growth on the Labor Force Participation of Pensioners in Russia

Lyashok, Victor - 2019

This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 …

Persistent link: https://www.econbiz.de/10012864977

Does the Pension System’s Income Statement Really Matter? A Proposal for An NDC Scheme with Disability and Minimum Pension Benefits

Garvey, Anne M. - 2019

because it, also, incorporates the changes for disability pensions, the value of change in the discount rate and the explicit … and social aspects of public pensions and discloses the real cost of the disability contingency and the redistribution … through minimum pensions. The paper contains a numerical example consisting of an income statement for a (fictional) already …

Persistent link: https://www.econbiz.de/10012866526

Notional Defined Contribution Pension Schemes : Why Does Only Sweden Distribute the Survivor Dividend?

Vidal-Meliá, Carlos - 2017

The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension schemes. With this aim in mind, we first extend the model developed by Boado-Penas & Vidal-Meliá (2014) by allowing for changes in the growth of the active population. We then...

Persistent link: https://www.econbiz.de/10012973888

Addressing Longevity Heterogeneity in Pension Scheme Design and Reform

Ayuso, Mercedes - 2016

This paper demonstrates that the link between heterogeneity in longevity and lifetime income across countries is mostly high and often increasing; that it translates into an implicit tax/subsidy, with rates reaching 20 percent and higher in some countries; that such rates risk perverting...

Persistent link: https://www.econbiz.de/10012978166

Longevity Risk in Notional Defined Contribution Pension Schemes : A Solution

Arnold (-Gaille), Severine - 2016

Notional defined contribution pension schemes (NDCs) aim at reproducing the logic of a financial defined contribution plan under a pay-as-you-go framework. Of particular interest is how the accumulated capital of a deceased person is used, when the death occurs prior to retirement. While in most...

Persistent link: https://www.econbiz.de/10013004273

Extending the Retirement Age for Preserving the Costitutive Pension System Mission

Visaggio, Mauro - 2019

This paper examines some issues relating to the establishment of defined contribution pension system. First, it shows that the defined benefit pension system could successfully counteract the financial un-sustainability of the pension system, such as defined contribution pension system. Second,...

Persistent link: https://www.econbiz.de/10012859211

Pensions and Fertility : Back to the Roots -- The Introduction of Bismarck's Pension Scheme and the European Fertility Decline

Fenge, Robert - 2014

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper provides detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our theoretical...

Persistent link: https://www.econbiz.de/10013047746

Retirement, Pension Systems and Models of Pension Systems

Wang, Peijie - 2014

This paper reviews and makes comparative assessment of models of pensions systems. Pension plans and systems, and the …

Persistent link: https://www.econbiz.de/10013049547