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aging significantly reduce the burden of parametric or systemic pension reform. The chapter ends with a short summary of the …
Persistent link: https://www.econbiz.de/10014023471
This article addresses the question of whether foreign sovereign wealth funds (SWFs) should serve as a model for the United States in managing the Social Security Trust Fund. The last ten years has seen a significant shift in the way countries manage public pension and social insurance reserve...
Persistent link: https://www.econbiz.de/10013067520
"This ninth volume of the International Social Security series, which studies the social security and retirement … experiences of 12 developed countries, examines the effects of pension reform on employment at older ages. In the two decades …
Persistent link: https://www.econbiz.de/10012199929
Social Security Programs and Retirement around the World represents the second stage of an ongoing research project … enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs … typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying …
Persistent link: https://www.econbiz.de/10012675843
Persistent link: https://www.econbiz.de/10013432198
relatively high, indicating a potential to use a pay-as-you-go scheme to expand the coverage of public pensions. Raising the … retirement age by five years brings up the LBIR by 40 basis points, significantly improving the long-run budget constraint of a …
Persistent link: https://www.econbiz.de/10012956469
This paper discusses the strategic building blocks of pension reform. The early sections set out the simple economics … of pensions and discuss a series of myths which have proved remarkably persistent. Subsequent sections draw together the … conclusions for policy design from earlier theoretical discussion, set out the prerequisites which any pension reform must respect …
Persistent link: https://www.econbiz.de/10013317857
increased non-contributory benefits in a quasi-universal scheme. Simulating the future pensions, I show that the average loss in …
Persistent link: https://www.econbiz.de/10015078270
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in … individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is … strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and …
Persistent link: https://www.econbiz.de/10014251290
Persistent link: https://www.econbiz.de/10001522696