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Pension reforms in Poland and elsewhere: The view from Paris

Jarrett, Peter - 2011

by phasing out the farmers' regime (KRUS) and making pensions for miners and others with special regimes closer to …

Persistent link: https://www.econbiz.de/10011430865

Góra, Marek; Palmer, Edward - 2004

This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...

Persistent link: https://www.econbiz.de/10010262119

Betting on death and capital markets in retirement: A shortfall risk analysis of life annuities versus phased withdrawal plans

Dus, Ivica; Maurer, Raimond H.; Mitchell, Olivia S. - 2004

How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the 'phased withdrawal' strategy in the literature, would have the retiree invest his funds and then...

Persistent link: https://www.econbiz.de/10010298279

Better Safe than Sorry - Individual Risk-free Pension Schemes in the European Union

Peters, Marga - In: Contemporary Economics 6 (2012) 3, pp. 22-37

argue that working citizens would benefit by having their pension funds accumulating in individual pension savings accounts … for three reasons. First, citizens would have a clear picture of the accumulation of their own pension savings throughout … member states should not allow individual pension savings accounts. This approach, as an alternative to forcing workers to …

Persistent link: https://www.econbiz.de/10010436020

Do savings increase in response to salient information about retirement and expected pensions?

Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2016

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are …

Persistent link: https://www.econbiz.de/10011536015

Evaluating the impact of tax rebates and exemptions on the financial well-being of pensioners

Sant, Kurt - 2024

This study evaluates the impact of two pension-related policies introduced in Malta: the 2017 Tax Rebate on Pensions …

Persistent link: https://www.econbiz.de/10015195475

Leaving the Labor Market Early in Sweden – Learning from International Experience

Bengtsson, Mats; König, Stefanie; Schönbeck, Simon; … - 2022

It is a challenge for politics that an aging population leads to demands that the retirement age is increasing while not everyone is able to work to such a higher age. Sweden, like other countries, has several options for early exit from the labour market. However, the regulations have become...

Persistent link: https://www.econbiz.de/10013351866

How would 401(k) "Rothification" alter saving, retirement security, and inequality?

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022

Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...

Persistent link: https://www.econbiz.de/10013466634

Optimal Gradual Annuitization: Quantifying the Costs of Switching to Annuities

Horneff, Wolfram J.; Maurer, Raimond H.; Stamos, Michael Z. - 2007

We compute the optimal dynamic asset allocation policy for a retiree with Epstein-Zin utility. The retiree can decide how much he consumes and how much he invests in stocks, bonds, and annuities. Pricing the annuities we account for asymmetric mortality beliefs and administration expenses. We...

Persistent link: https://www.econbiz.de/10010316095

Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data

Jousten, Alain; Lefèbvre, Mathieu - 2013

The paper studies retirement behavior of wage-earners in Belgium - for the first time using rich survey data to explore retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the longitudinal nature of SHARELIFE,...

Persistent link: https://www.econbiz.de/10010319568