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pension benefits through retirement) calculated using more realistic labour market assumptions. These measures are used to …
Persistent link: https://www.econbiz.de/10011107265
In this lecture, I will try to start answering the question of whether the pension reforms enacted in Europe since the 1990s will prove to be sustainable. This broad question has embedded in it both theoretical and empirical sub-questions. On the theoretical side, I will need to see how best to...
Persistent link: https://www.econbiz.de/10011111215
Most assessments of pension sustainability focus on the projected fall in spending. However interest in the impact on adequacy, usually measured by replacement rates, is increasing. In this paper we show that replacement rates have significant defects, related to being point-in-time indicators...
Persistent link: https://www.econbiz.de/10011259498
The last two decades have been characterised by significant changes in national pension arrangements. While at first, a consensus seemed to be evolving around a one-size-fits-all reform, more recently the trend has been towards a better customisation of reforms. This paper reviews this process,...
Persistent link: https://www.econbiz.de/10011260707
of retirement, as it uses pension wealth - the value of all transfers during retirement. This captures the impact of both … longevity and changes in the value of pensions during retirement. Moreover, rather than focusing only on average earners with … offset by longer retirement. Though reforms have helped address the financial challenge faced by pension systems, in many …
Persistent link: https://www.econbiz.de/10008777064
hypothetical cases. By focusing on all prospective pension transfers rather than just those at the point of retirement, this …
Persistent link: https://www.econbiz.de/10011110080
transfers rather than those at retirement and by looking into the interaction between entitlements and labour participation …
Persistent link: https://www.econbiz.de/10011257759
just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10011259058
other countries’ pension systems and their experiences of retirement-income reforms. However, national pension systems are … can inform debates on retirement-income systems by presenting “hard” data that people with different visions for the … future of pensions can all use as a reference point. International comparisons of retirement-income regimes to date have …
Persistent link: https://www.econbiz.de/10004991287
The object of this paper is to examine the impact of type of pension scheme on retirement behaviour. The well … retirement behaviour. The paper presents a model of a simple (defined contribution) pension plan and looks at the optimal … retirement date, which is found to depend on prospective earnings and the evolution of the accumulated pension fund, which, in …
Persistent link: https://www.econbiz.de/10005836577