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effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …
Persistent link: https://www.econbiz.de/10010267482
effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …
Persistent link: https://www.econbiz.de/10005762141
labor market policies and Social Security institutions. We explain the various pathways to retirement existing in Germany …Das durchschnittliche Rentenzugangsalter in Deutschland liegt erheblich unter der gesetzlichen Regelaltersgrenze …A substantial fraction of German workers effectively retires before reaching mandatory retirement age. Starting from a …
Persistent link: https://www.econbiz.de/10010262235
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/10010262119
all Dutch inhabitants over age 64; and an occupation-specific capital-funded part that provides supplementary retirement … 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 …
Persistent link: https://www.econbiz.de/10010262338
Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011931629
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the …
Persistent link: https://www.econbiz.de/10010276956
annuitization decision as well as how quickly or slowly to spend down assets in retirement. Accordingly, we conclude that narrow …
Persistent link: https://www.econbiz.de/10012005964
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be … addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined … NDC reform in China. …
Persistent link: https://www.econbiz.de/10010278557
In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...
Persistent link: https://www.econbiz.de/10010269880