Showing 1 - 10 of 274
The retirement decisions of spouses may be interdependent for various reasons: similarity of tastes, joint assets … studies exist on this topic. From a policy point of view interdependent retirement could become important if legislators in … different EC countries are forced to synchronize minimum retirement ages, which are lower now for females than males in a number …
Persistent link: https://www.econbiz.de/10005123559
When entering retirement most people face the decision whether they would like their defined contribution account …
Persistent link: https://www.econbiz.de/10011165648
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...
Persistent link: https://www.econbiz.de/10005067559
The European ageing process will lead to a dramatic rise in dependency ratios over the next decades. At the same time labour mobility will increase as a result of greater European economic integration. We analyse the implications of migration and ageing for European social security systems. With...
Persistent link: https://www.econbiz.de/10005791913
This Paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension arrangements in an environment where financial markets are less than perfect. Surprisingly little is known about the optimal split between funded and unfunded systems when there are...
Persistent link: https://www.econbiz.de/10005792047
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social security (SS). In our model, agents are heterogeneous in age and income. Young generations confront promises made previously by older generations, and in turn choose current levels...
Persistent link: https://www.econbiz.de/10005123867
Private pension provision faces the challenging task of providing stable income streams during retirement. The … illiquid capital, complementing public retirement provision, reducing the interest-rate sensitivity of pensions and smoothing …
Persistent link: https://www.econbiz.de/10011252616
Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the …
Persistent link: https://www.econbiz.de/10005666455
on the key distinction between those in forced early retirement and those who retire early by individual choice. We start … by estimating a retirement probit model for older workers in Belgium. Based on these estimates, we then perform micro … respect to the time of retirement. We explore two scenarios, one where the entire population is subjected to the actuarial …
Persistent link: https://www.econbiz.de/10005123962
spouse is not employed. Observed covariates, including wages and retirement benefits, help to explain these patterns, but …
Persistent link: https://www.econbiz.de/10005656456