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The Asset-Salary Ratio (ASR) is a simple yet sophisticated metric that provides feedback on the likelihood a participant in a defined contribution plan system will have sufficient assets to generate adequate retirement income. Similar to the full-funding ratio of a defined benefit plan, the ASR...
Persistent link: https://www.econbiz.de/10013027766
-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and … scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …
Persistent link: https://www.econbiz.de/10014155596
public pensions. This paper studies the determinants of two forms of accessing retirement in Spain, either partial or full … the age of retirement moving it to an earlier date. -- retirement ; public pensions ; duration analysis …
Persistent link: https://www.econbiz.de/10009355903
Persistent link: https://www.econbiz.de/10009784943
We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...
Persistent link: https://www.econbiz.de/10011522240
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....
Persistent link: https://www.econbiz.de/10011812259
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....
Persistent link: https://www.econbiz.de/10011821425
-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and … scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …
Persistent link: https://www.econbiz.de/10013077503
-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and … scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …
Persistent link: https://www.econbiz.de/10013078915