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Góra, Marek; Palmer, Edward - Institute for the Study of Labor (IZA) - 2004

This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...

Persistent link: https://www.econbiz.de/10005703380

Aging and Pensions in General Equilibrium: Labor Market Imperfections Matter

de la Croix, David; Pierrard, Olivier; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2010

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

Persistent link: https://www.econbiz.de/10008683650

Health Status, Disability and Retirement Incentives in Belgium

Jousten, Alain; Lefèbvre, Mathieu; Perelman, Sergio - Institute for the Study of Labor (IZA) - 2013

identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most …

Persistent link: https://www.econbiz.de/10011271992

Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data

Jousten, Alain; Lefèbvre, Mathieu - Institute for the Study of Labor (IZA) - 2013

The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the longitudinal nature of...

Persistent link: https://www.econbiz.de/10011271996

Pension Plan Characteristics and Framing Effects in Employee Savings Behavior

Card, David E.; Ransom, Michael R. - Institute for the Study of Labor (IZA) - 2007

In this paper we document the importance of framing effects in the retirement savings decisions of college professors …. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings …

Persistent link: https://www.econbiz.de/10005703794

Generational Accounting, Solidarity and Pension Losses

Teulings, Coen N.; Vries, Casper G. de - Institute for the Study of Labor (IZA) - 2003

smoothly over lifetime consumption. When stock markets are depressed equity should be bought, savings and consumption should be …

Persistent link: https://www.econbiz.de/10005761958

Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges

Holzmann, Robert - Institute for the Study of Labor (IZA) - 2012

Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...

Persistent link: https://www.econbiz.de/10011183994

Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands

Euwals, Rob - Institute for the Study of Labor (IZA) - 2000

income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …

Persistent link: https://www.econbiz.de/10005703163

Pension Reform and Labor Supply: Flexibility vs. Prescription

Hernaes, Erik; Markussen, Simen; Piggott, John; Røed, Knut - Institute for the Study of Labor (IZA) - 2015

We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply responses to alternative pension reform strategies relying on improved work incentives (flexibility) or increased access ages (prescription), respectively. We find that increasing...

Persistent link: https://www.econbiz.de/10011163476

Policy Variation, Labor Supply Elasticities, and a Structural Model of Retirement

Manoli, Dayanand; Mullen, Kathleen; Wagner, Mathis - Institute for the Study of Labor (IZA) - 2014

This paper exploits a combination of policy variation from multiple pension reforms in Austria and administrative data from the Austrian Social Security Database. Using the policy changes for identification, we estimate social security wealth and accrual elasticities in individuals' retirement...

Persistent link: https://www.econbiz.de/10011094079