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The growth, equity, and risk implications of different retirement income policies

Coleman, Andrew - In: New Zealand economic papers 48 (2014) 2, pp. 226-239

Persistent link: https://www.econbiz.de/10010375409

The commitment value of prefunded pensions

Garon, Jean-Denis - 2015

This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces … temptation to over-redistribute later and to misuse revealed private information. Prefunding may be preferable even if the …

Persistent link: https://www.econbiz.de/10011405644

Demographics and volatile social security wealth : political risks of benefit rule changes in Germany

Borgmann, Christoph; Heidler, Matthias - 2003

In this paper we address the question how the generosity of the benefit rule of the German public pension system has changed during the past three decades and how this development can be explained by demographic changes. Firstly, we illustrate the political risk of benefit rule changes for...

Persistent link: https://www.econbiz.de/10001787709

Social Security and Retirement Around the World : Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms

Milligan, Kevin S.; Wise, David A. - 2011

This is the introduction and summary to the fifth 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/10014043291

Public Sector Pension Policies and Capital Accumulation in An Emerging Economy : The Case of Brazil

Glomm, Gerhard; Jung, Jürgen; Lee, Changmin; Tran, Chung - 2013

In many emerging economies such as Brazil, pension programs of public sector workers are more generous than pension programs of private sector workers. The opportunity costs of running generous public pension schemes for civil servants are potentially large in emerging economies that often...

Persistent link: https://www.econbiz.de/10014046419

Population Aging, Social Security and Fiscal Limits

Heer, Burkhard - 2018

We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...

Persistent link: https://www.econbiz.de/10012912616

Getting Life Expectancy Estimates Right for Pension Policy : Period Versus Cohort Approach

Ayuso, Mercedes - 2018

In many policy areas it is essential to use the best estimates of life expectancy, but such estimates are vital to most areas of pension policy – from indexed access age and the calculation of initial benefits to the financial sustainability of pension schemes and the operation of their...

Persistent link: https://www.econbiz.de/10012919497

Pension Policies in a Model with Endogenous Fertility

Cipriani, Giam - 2018

We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as...

Persistent link: https://www.econbiz.de/10012919500

Why American Workers’ Retirement Income Security Prospects Look so Bleak : A Review of Recent Assessments

Pang, Gaobo - 2019

Several recent assessments suggest that the majority of U.S. workers are at risk of having inadequate resources to maintain their work-life standards of living in retirement. These assessments are often based on models that fail to reflect patterns of income, consumption and savings that vary...

Persistent link: https://www.econbiz.de/10012904912

Pension Policy Challenges and Communication Solutions

Mihály, Nikolett - 2018

A The most important question of our study is to find out what pension policy procedures are necessary to effectively respond to the challenges of an aging population as well as changes in the composition of employees. The main issue of our paper is how pension policy can effectively respond to...

Persistent link: https://www.econbiz.de/10012908200