undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high …

undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high …

expectancies at retirement and in the length of non-contribution periods resulting, for example, from child care or care for an ill … partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …

Planning for retirement and subsequent execution of the plan are difficult, but essential for financial security in old … applied to study welfare and savings implications of automatic enrolment into private pensions. The default option effect on …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions … demonstrate the economic and welfare impact of recent pension reform in Austria. …

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 …The Swedish pension reform of 1999-2003 provides an opportunity to study whether and how important economic incentives …

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects … retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of … supply. We show how several popular reform scenarios are geared either towards young or old workers, or, indeed, both groups …