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Habit Formation and Labor Supply
Cremer, Helmuth - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10012771200
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10011482705
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …
Persistent link: https://www.econbiz.de/10011455532
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Retirement as a Hedge
Pestieau, Pierre - 2010
This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there exist both defined benefit (DB) and defined contribution (DC) pension plans. The paper shows that giving individuals the flexibility to determine when to retire is an important...
Persistent link: https://www.econbiz.de/10013136114
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Habit formation and labor supply
Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to "unretire", i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10003730377
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Social security, retirement age and optimal income taxations
Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - 2002
It is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such implicit taxation. The point of this paper is that when...
Persistent link: https://www.econbiz.de/10011409410
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Social Security, Retirement Age and Optimal Income Taxation
Cremer, Helmuth; Lozachmeur, Jean Marie; Pestieau, Pierre - 2021
It is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such implicit taxation. The point of this paper is that when...
Persistent link: https://www.econbiz.de/10013320556
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Pensions and Retirement Incentives. A Tale of Three Countries : Italy, Spain and the USA
Brugiavini, Agar; Peracchi, Franco; Wise, David A. - 2003
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives embedded in social security systems throughout the world...
Persistent link: https://www.econbiz.de/10014088795
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Retirement against the demographic trend : more older people living longer, working less, and saving less
Wise, David A. - In: Demography : a publication of the Population … 34 (1997) 1, pp. 83-95
Persistent link: https://www.econbiz.de/10001218333
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Social Security Programs and Retirement Around the World : Disability Insurance Programs and Retirement - Introduction and Summary
Coile, Courtney - 2014
This is the introduction and summary to the sixth phase of an ongoing project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the strong relationship across countries between social...
Persistent link: https://www.econbiz.de/10012458544