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This paper explores the shift from defined benefit to defined contribution pension plans when the payout rate from social security is set optimally. This paper shows that when employees are receiving more of their private pensions from defined contribution plans one should be raising the payout...
Persistent link: https://www.econbiz.de/10005008374
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10011499894
retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences …
Persistent link: https://www.econbiz.de/10011892406
retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences …
Persistent link: https://www.econbiz.de/10011891939
Persistent link: https://www.econbiz.de/10015198723
of the processes generating income, social security wealth, retirement and consumption behaviour of households, and … per household and, above all, the decline in the ratio of social security wealth of households to disposable income as the …
Persistent link: https://www.econbiz.de/10005113518
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10011522484
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
Persistent link: https://www.econbiz.de/10011688738
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
Persistent link: https://www.econbiz.de/10011635567
In most industrial countries, while the calculation of pension bene?ts is progressive, public pension systems redistribute weakly from high to low- income earners. They are close to actuarial fairness. This statement results from the following speci?city: less paid jobs are also heavier and...
Persistent link: https://www.econbiz.de/10009397044