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retirement (the “retirement-consumption puzzle”). Comparing food spending for men retiring involuntarily early (through ill … for some retirees. Evidence on psychological and financial well-being also indicates that the retirement experience of …
Persistent link: https://www.econbiz.de/10011071203
This paper solves an empirically parameterised model of life-cycle consumption which extends the precautionary savings models of Carroll (1997), and Deaton (1991), to allow for uncollaterized borrowing and default. In case households choose to default: (i) their access to credit markets is...
Persistent link: https://www.econbiz.de/10011071178
trend is that the retirement incomes drawn from the public pension systems are on the decline, the changes are likely to … their working career if they want to avoid greater risks of poverty during retirement. …
Persistent link: https://www.econbiz.de/10011126478
early retirement pensions). Such policy incentives will enable workers to avoid the phenomenon of a ‘cliff-edge’ fall into … across EU Member States and identifies policy initiatives that would encourage more flexible and later retirement. The … countries, close to one-half of those of 50 and over are either unemployed or inactive, with reliance either on early retirement …
Persistent link: https://www.econbiz.de/10011126489
Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement … promotes greater savings. Greater private defined benefit pension wealth encourages earlier retirement, while greater de …¯ned contribution pension wealth has the e®ect of delaying retirement. State pension wealth appears to have no effect on the retirement …
Persistent link: https://www.econbiz.de/10011071212
location intention at retirement using a recent data set on migrants currently living in France. We found that the migrant …
Persistent link: https://www.econbiz.de/10010745986
lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …Successive reforms enacted since the 1990s have dramatically changed Europe’s pensions landscape. This paper tries to … just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in …
Persistent link: https://www.econbiz.de/10010746065
pension benefits through retirement) calculated using more realistic labour market assumptions. These measures are used to … strong in those countries where minimum pensions were improved. However, moves to link benefits to contributions have raised …
Persistent link: https://www.econbiz.de/10010746288
from pensions and absorbed within other working age social security, or the scope of National Insurance could be maintained …
Persistent link: https://www.econbiz.de/10010746629
We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … in 1996 as an exogenous increase in the likelihood of marital dissolution. We analyze the saving behaviour over time of …
Persistent link: https://www.econbiz.de/10011071224