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Reforming retirement-income systems: Lessons from the recent experiences of OECD countries

Martin, John P.; Whitehouse, Edward - 2008

Reforming pensions looms large over the policy agenda of OECD countries. This is hardly surprising since public … spending on pensions accounted on average for 7 per cent of OECD GDP in 2005; and this pension spending effort is set to … pensions systems and which did not. It also examines the fiscal challenges posed by public pensions. Section 2 describes the …

Persistent link: https://www.econbiz.de/10010268797

Public-Sector Compensation over the Life Cycle

Gomes, Pedro Maia; Wellschmied, Felix - 2020

The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium life-cycle model with incomplete markets, private and public sectors, and risk-averse workers, and use it to (i) calculate three dimensions of...

Persistent link: https://www.econbiz.de/10012207723

Working Beyond 65 in Ireland

Nolan, Anne; Barrett, Alan - 2018

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

Addressing the legacy costs in an NDC reform: Conceptualization, measurement, financing

Holzmann, Robert; Jousten, Alain - 2010

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 contribution (NDC) scheme. As the new contribution...

Persistent link: https://www.econbiz.de/10010278557

Shifting Perspectives in Pensions

Góra, Marek; Palmer, Edward - 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/10010262119

Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands

Euwals, Rob - 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 … occupational pensions. …

Persistent link: https://www.econbiz.de/10010262338

Social Security in Belgium : Distributive Outcomes

Jousten, Alain; Lefèbvre, Mathieu; Perelman, Sergio; … - 2005

The paper analyzes the link between old-age income programs and economic outcomes in Belgium. We use a simulation methodology to construct an average pension generosity variable. Our regression analysis explores the link with distributional outcomes in income, consumption and more subjective...

Persistent link: https://www.econbiz.de/10010275028

Public pensions, changing employment patterns, and the impact of pension reforms across birth cohorts: a microsimulation analysis for Germany

Geyer, Johannes; Steiner, Viktor - 2010

We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across … pensions across cohorts taking into account changing demographics and recent pension reforms. Simulations show that pension …

Persistent link: https://www.econbiz.de/10010269491

Enlisting Employees in Improving Payroll-Tax Compliance: Evidence from Mexico

Kumler, Todd J.; Verhoogen, Eric; Frias, Judith A. - 2013

Non-compliance of firms with tax regulations is a major constraint on state capacity in developing countries. We focus on an arguably under-appreciated dimension of non-compliance: under-reporting of wages by formal firms to evade payroll taxes. We develop a simple partial-equilibrium model of...

Persistent link: https://www.econbiz.de/10010329189

Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing

Brown, Jeffrey R.; Kapteyn, Arie; Luttmer, Erzo F.P.; … - 2019

This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity, drawing on a survey of about 4,000 adults in a U.S. nationally representative sample. By experimentally varying the degree of complexity, we provide the first causal evidence...

Persistent link: https://www.econbiz.de/10012005964