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undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high … that the deductions introduced by the reform only cause some part of this trend. The majority of the trend, about 75 …
Persistent link: https://www.econbiz.de/10010362261
undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high … that the deductions introduced by the reform only cause some part of this trend. The majority of the trend, about 75 …
Persistent link: https://www.econbiz.de/10010362934
Western societies. 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 … the reform only cause some part of this trend, with a major part caused by increases in contributions. …
Persistent link: https://www.econbiz.de/10010488502
undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high … that the deductions introduced by the reform only cause some part of this trend. The majority of the trend, about 75 …
Persistent link: https://www.econbiz.de/10013052317
Persistent link: https://www.econbiz.de/10011474095
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump...
Persistent link: https://www.econbiz.de/10010482081
We study the effects of broadband internet use on the investment decisions of individual investors. A public program in Norway provides plausibly exogenous variation in internet use. Our instrumental variables estimates show that internet use causes a substantial increase in stock market...
Persistent link: https://www.econbiz.de/10013492506
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … occupational pensions. …
Persistent link: https://www.econbiz.de/10011318591
subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but …
Persistent link: https://www.econbiz.de/10011281656
paramount relevance for scientists and policy makers. We take Germany as an example: Twenty years of pension reform have … transition worked out? We survey the reform steps and household's reactions: How did individuals adjust their labor market … without supplementary pensions decreased from 73% to 39% in little more than a decade. This is a remarkable success …
Persistent link: https://www.econbiz.de/10013040083