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We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform … identify causal effects. We find strong and robust behavioral effects of changes in financial retirement incentives. A … low education respond most strongly to an increase in the price of leisure. -- retirement insurance ; incentives ; social …
Persistent link: https://www.econbiz.de/10009535096
Social security programs generally seek to provide insurance and to reduce poverty and inequality. Providing insurance requires little redistribution. But reducing inequality and alleviating poverty do require redistribution. To reduce inequality, programs must redistribute income, but...
Persistent link: https://www.econbiz.de/10011433386
In his seminal model (Feldstein, 1985), the government operates a social security system to counter the representative worker's myopia. (i) For a complete myope, he determined a sizable optimal tax rate (and the corresponding benefit level). (ii) For a partially shortsighted worker, he...
Persistent link: https://www.econbiz.de/10011757069
We consider three transfer models with a representative individual who discounts the utility of the merit good with respect to the standard one's. In each model, a paternalistic government taxes the consumer and transfers him additional merit goods in return. The private purchase of the merit...
Persistent link: https://www.econbiz.de/10011628049
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in developing countries in the last three decades. However, the introduction of public benefits could displace informal mechanisms for risk-protection,...
Persistent link: https://www.econbiz.de/10012201918
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012194596
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012195191
increasing the labor force participation through better work incentives. Using individual-level administrative data, the paper … how social security incentives and particularly their changes over time can explain the retirement decision. We calculate …
Persistent link: https://www.econbiz.de/10014337786
manner that creates incentives for prospective SSI recipients to take social security early retirement (SSER). This paper …
Persistent link: https://www.econbiz.de/10014122697
This paper uses a natural experiment approach to identify the effects of an exogenous change in future pension benefits on workers' training participation. We use unique matched survey and administrative data for male employees in the Dutch public sector who were born in 1949 or 1950. Only the...
Persistent link: https://www.econbiz.de/10010271295