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Voting Over Type and Generosity of a Pension System When Some Individuals are Myopic

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2006

retirement and regret their insufficient savings decisions. Henceforth, when voting they tend to commit themselves into forced …

Persistent link: https://www.econbiz.de/10005123825

Habit Formation and Labour Supply

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...

Persistent link: https://www.econbiz.de/10005497699

Forced Saving, Redistribution and Nonlinear Social Security Schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008

'myopic self' emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate …. We show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

Persistent link: https://www.econbiz.de/10005498031

Designing a Linear Pension Scheme with Forced Savings and Wage Heterogeneity

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2006

savings decisions according to these preferences. Individuals are also distinguished by their productivity. The social … would have conjectured. Neither the impact on the level of pensions nor the effect on their redistributive degree are …

Persistent link: https://www.econbiz.de/10005114351