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are for the timing of retirement. The new pension system provides a much closer link between contributions and benefits … than the former system. I study whether the reform has led to delayed retirement by examining the retirement patterns of … retirement hazard among latter born cohorts, who were more affected by the reform. This implies that retirement is delayed. Most …
Persistent link: https://www.econbiz.de/10010321383
We extend "economic equivalence" results, like the Ricardian equivalence proposition, to the political sphere where policy is chosen sequentially. We derive conditions under which a policy regime (summarizing admissible policy choices in every period) and a state are "politico-economically...
Persistent link: https://www.econbiz.de/10011430095
The purpose of this study is to provide an alternate approach to studies of the rhetoric of policy-relevant economics. Martin Feldstein's pro-privatization rhetoric relative to Social Security is first analyzed. A subsequent comparison his rhetoric to that of George W. Bush concludes that both...
Persistent link: https://www.econbiz.de/10010288065
retirement decisions in developed countries. However, women's and couples' labour supply decisions and the patterns of withdrawal … examine how social security financial incentives and personal characteristics affects one's own and spouses' retirement … decisions. Our results suggested that couples synchronize retirement and that they respond similarly to their own …
Persistent link: https://www.econbiz.de/10010293260
This paper examines the effects of recent welfare reforms in the US and UK on the well-being of children in low-income families, looking specifically at the effects on poverty, family expenditures, and child health and development. The paper finds some commonalities but also some notable...
Persistent link: https://www.econbiz.de/10010273919
Many Western countries with an aging population consider reforms of their pay-as-you-go pension systems. In Sweden a new pension system has already been decided and implemented. This paper gives a brief background to the Swedish reforms in the 1990s and explains the structure of the new system.
Persistent link: https://www.econbiz.de/10010321800
In this paper we analyse several measures which are typically included in a social security reform: a cut in the social security benefits, an increase in the social security tax and tax incentives for the purchase of private life annuities, which have recently become quite popular at the...
Persistent link: https://www.econbiz.de/10010294515
containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991-2012. The … effect towards later retirement through lower replacement levels, it also implied a lower price on leaving the labor market … measured by Social Security Wealth, defined at each hypothetical retirement age, and a variable measuring the implicit tax …
Persistent link: https://www.econbiz.de/10013394344
This essay estimates the causal effect of postponing retirement on a wide range of health outcomes using Swedish … administrative data on cause-specific mortality, hospitalizations and drug prescriptions. Exogenous variation in retirement timing … retirement impacts mortality or health care utilization. …
Persistent link: https://www.econbiz.de/10011695394
This paper studies the way in which labor market fluctuations affect the transition to early retirement among older … industry employment increases (decreases) the probability of early retirement. This result is driven by the public sector; in … after early retirement are higher during declining as well as expanding industry employment. The results support an …
Persistent link: https://www.econbiz.de/10010317914