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Should Pensions Be Progressive? Yes, at Least in Germany!

Fehr, Hans - 2011

system, we increase the degree of progressivity and compute the resulting macroeconomic, welfare and efficiency effects … that reductions in the benefit level (i.e. privatization) will only reduce economic efficiency …

Persistent link: https://www.econbiz.de/10013127112

Political (In)Stability of Social Security Reform

Makarski, Krzysztof - 2016

We analyze the political stability of welfare enhancing privatization of the social security. We consider an economy populated by overlapping generations, who vote on abolishing the funded system and replacing it with the pay-as-you-go scheme, i.e. "unprivatizing" the pension system. We show...

Persistent link: https://www.econbiz.de/10012999844

Means-Testing Retirement Benefits in the UK : Is it Efficient?

Fehr, Hans - 2014

alternative policy reforms, we compute the full transition paths and separate aggregate efficiency effects by means of … efficiency instead of long-run welfare, since the latter approach understates the dramatic savings distortions arising from means …-testing. Our findings indicate that the introduction of the pension credit (PC) was efficiency deteriorating. In order to reduce …

Persistent link: https://www.econbiz.de/10013056470

Pension Reform with Variable Retirement Age - A Simulation Analysis for Germany

Fehr, Hans - 2010

. The present study aims to quantify the macroeconomic, welfare and efficiency consequences of this reform by means of a … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …-age poverty may be associated with significant efficiency cost …

Persistent link: https://www.econbiz.de/10013142151

Implications of Full and Partial Retirement for Replacement Rates in a Defined Benefit System

Kantarci, Tunga - 2011

In this paper we use the actual rules and formulas of an occupational pension fund, the state pension fund and the tax system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement scenarios. We then vary the parameters of the pension...

Persistent link: https://www.econbiz.de/10013123970

The Relation between Demography and Economics with Special Reference to the Role of Mandatory Funded and Unfunded Old-Age Pensions

van Praag, B.M.S. - 2012

In this paper we consider the influence of the demography on the dynamic equilibrium of an economy. More precisely, we focus on mandatory pensions, as in most Western countries except USA and Switzerland the role of ‘the third pension-pillar,' based on voluntary savings, is relatively minor....

Persistent link: https://www.econbiz.de/10013108978

The Impact of Pension System Reform on Projected Old-Age Income : The Case of Poland

Ruzik, Anna - 2015

This paper analyses the distributional effects of the Polish old‐age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969‐1979. We find that...

Persistent link: https://www.econbiz.de/10013016912

The Impact of Introduction of Funded Pension Schemes on Intragenerational Inequality in Estonia : A Cohort Microsimulation Analysis

Vork, Andres - 2015

This paper uses a cohort microsimulation model to analyse intragenerational distributional effects of a shift from a defined benefit pay‐as‐you‐go pension system that includes flat rate component and length of pensionable service component to a pension system with contribution based...

Persistent link: https://www.econbiz.de/10013017223

Aging and the Financing of Social Security in Switzerland

Keuschnigg, Christian - 2014

Demographic projections forecast a doubling of the dependency ratio until 2050 as well as an increase of 10% in population due to longer life expectancy in Switzerland. To quantify the effects on social security and public finances, we use a computational overlapping generations model with five...

Persistent link: https://www.econbiz.de/10013069150

The Role of Information for Retirement Behavior : Evidence Based on the Stepwise Introduction of the Social Security Statement

Mastrobuoni, Giovanni - 2010

In 1995, the Social Security Administration started sending out the annual Social Security Statement. It contains information about the worker's estimated benefits at the ages 62, 65, and 70. I use this unique natural experiment to analyze the retirement and claiming decision making. First, I...

Persistent link: https://www.econbiz.de/10013134870