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This paper investigates the determinants of public pension plan risk-taking behavior using the percentage of total plan assets invested in the equity markets and the pension asset beta as measures of investment risk. We find that government accounting standards strongly affect public fund...
Persistent link: https://www.econbiz.de/10010287973
and value of benefits; its fiscal costs; and its regressive impacts on the overall income distribution. The proposal … itself is presented, as well as a simulation of prospective fiscal costs implied in the transition. The conclusion is that …
Persistent link: https://www.econbiz.de/10010330687
their working lives. Second, they would pay minimal extra costs, and third, they would not be subject to the whims of …
Persistent link: https://www.econbiz.de/10010436020
A tontine provides a mortality driven, age-increasing payout structure through the pooling of mortality. Because a tontine does not entail any guarantees, the payout structure of a tontine is determined by the pooling of individual characteristics of tontinists. Therefore, the surrender decision...
Persistent link: https://www.econbiz.de/10011698089
Mit dem Gesetz zur Entwicklung und Einführung einer Digitalen Rentenübersicht (kurz Rentenübersichtsgesetz RentÜG) vom 11. Februar 2021 wurden auch in Deutschland die Voraussetzungen dafür geschaffen, Betroffenen einen Überblick über die im Alter zu erwartenden Leistungen der...
Persistent link: https://www.econbiz.de/10014484296
I use a detailed panel of data and a unique modeling specification to explore how public schoolteachers respond to the incentives embedded in North Carolina's retirement system. Like most public-sector retirement plans, North Carolina's teacher pension implicitly encourages teachers to continue...
Persistent link: https://www.econbiz.de/10011781183
Social security revenues are influenced by business cycle movements. In order to support the working of automatic stabilizers it would be necessary to calculate social insurance contribution rates independently from the state of the business cycle. This paper investigates whether European...
Persistent link: https://www.econbiz.de/10010285510
concerning revenues and costs of general pension societies underwent multiple modifications, affecting their economic and … financial situation. The changes in revenues and costs had their impact on the profit earned by the general pension societies …
Persistent link: https://www.econbiz.de/10011849467
Compensation Survey and difference-in-differences models, we estimate their impact on coverage rates, sick leave use, labor costs …
Persistent link: https://www.econbiz.de/10012698576
manage the policy, the funding model also became the object of reflection and change. Since the publication of the Basic … Operational Norm - Norma Operacional Básica (NOB) in 2005, a new funding arrangement has been constructed in order to build and … important advances as the consolidation of regular and automatic federal transfers, the federal funding to municipalities …
Persistent link: https://www.econbiz.de/10010330837