Pension design Archives - Page 55 of 60 - Pension Policy International

28MayMay 28, 2017

Pension Reform Options in Chile: Some Tradeoffs

By Marika Santoro (International Monetary Fund) In this paper, we study the macroeconomic impact of pension reform options in Chile, using a dynamic general equilibrium model. The main reform proposal considers raising contributions (employer side) and vehicle additional proceeds to individual accounts and to increase the support of solidarity pensions. We model increased contributions as a labor tax. We find the impact of this reform on GDP to be negative in the near to the medium run, with GDP declining...

May 28, 2017

Adequacy, Articles, Pension design, RegulationPolitical economy, Reform, Savings

22MayMay 22, 2017

Interactions between Financial Incentives and Health in the Early Retirement Decision

By Pilar Garcia-Gomez & Eddy van Doorslaer (Erasmus University Rotterdam); Titus J. Galama (USC Center for Economic and Social Research) & Ángel López Nicolás (Universitat Pompeu Fabra) We present a theory of the relation between health and retirement that generates testable predictions regarding the interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals (compared to poorer individuals) are more likely to retire for health reasons (affordability proposition), and (ii) that health problems...

May 22, 2017

Aging, Articles, Labor Market, Pension designInvestment, Labor Market, Saving

22MayMay 22, 2017

Dangerous Flexibility – Retirement Reforms Reconsidered

By Axel H. Börsch-Supan, Tabea Bucher-Koenen, Vesile Kutlu-Koc & Nicolas Goll (Max Planck Society for the Advancement of the Sciences) Flexible retirement is supposed to increase labor supply of older workers without touching the third rail of pension politics, the highly unpopular increase of the retirement age. While this may have intuitive appeal, this paper shows that it might be wishful thinking. Economic theory tells us that flexible retirement policies can have a zero or positive effect on labor force...

May 22, 2017

Aging, Articles, Labor Market, Pension designLabor Market, Mandatory pensions, Occupational Pensions, Voluntary pensions

14MayMay 14, 2017

Pension Reforms in the EU since the Early 2000’s: Achievements and Challenges Ahead

By Giuseppe Carone & Per Eckefeldt (European Commission); Luigi Giamboni, Veli Laine & Stephanie Pamies Most EU Member States have carried out substantial pension reforms over the last decades in order to enhance fiscal sustainability, while maintaining adequate pension income. The intensity of pension reforms has been particularly strong since 2000. These reforms have been implemented through a wide range of measures that have substantially modified the pension system rules and parameters. One of the most important elements of pension...

May 14, 2017

Articles, Pension design, RegulationPolitical economy, Sustainability

14MayMay 14, 2017

Pension Reforms in the EU since the Early 2000's: Achievements and Challenges Ahead

By Giuseppe Carone & Per Eckefeldt (European Commission); Luigi Giamboni, Veli Laine & Stephanie Pamies Most EU Member States have carried out substantial pension reforms over the last decades in order to enhance fiscal sustainability, while maintaining adequate pension income. The intensity of pension reforms has been particularly strong since 2000. These reforms have been implemented through a wide range of measures that have substantially modified the pension system rules and parameters. One of the most important elements of pension...

May 14, 2017

Articles, Pension design, RegulationPolitical economy, Sustainability

14MayMay 14, 2017

Contributory Retirement Saving Plans: Differences across Earnings Groups and Implications for Retirement Security

By Irena Dushi, Howard Iams & Christopher R. Tamborini (US Social Security Administration) This article examines how savings in defined contribution (DC) retirement plans vary across the earnings distribution. Specifically, the authors investigate the extent of an earnings gradient in access to, participation in, and levels of contribution to DC plans. Using a nationally representative sample of Survey of Income and Program Participation respondents to data from their W-2 tax records, the authors find that DC plan access, participation, and...

May 14, 2017

Articles, Labor Market, Pension design, SavingsMandatory pensions, Occupational Pensions, Voluntary pensions

08MayMay 8, 2017

The Politics of Social Protection in Ghana: Policy Reform in a Competitive African Democracy (2000-2014)

By Eduard Grebe (Stellenbosch University) The Kufuor (New Patriotic Party) administration of 2000-2008 implemented substantial reforms of the contributory social insurance system (including the introduction of a national health insurance scheme and a new 'three tier' pensions system), and introduced a range of social assistance schemes targeted at the 'extreme poor'. This paper analyses the factors that drove policy reform and the broad cross-party consensus that emerged despite highly competitive elections. Electoral dynamics played a significant role, and this is...

May 8, 2017

Articles, Pension design, RegulationPolitical economy, Regulation, Social Protection

08MayMay 8, 2017

The Impact of Social Pensions on Intergenerational Relationships: Comparative Evidence from China

By Xi Chen (Yale), Karen Eggleston (Stanford University) & Ang Sun Renmin University of China) China launched a new rural pension scheme (hereafter NRPS) for rural residents in 2009, now covering almost all counties with over 400 million people enrolled. This implementation of the largest social pension program in the world offers a unique setting for studying the economics of intergenerational relationships during development, given the rapidity of China's population aging, traditions of filial piety and co-residence, decreasing number of children,...

May 8, 2017

Aging, Articles, Labor Market, Pension designFinancial Inclusion, Social Protection, Sustainability

01MayMay 1, 2017

Non-Contributory Pensions and Savings: Evidence from Argentina

By Martín González-Rozada & Hernán Ruffo (Universidad Torcuato Di Tella) This paper examines the effects of Argentina's Plan de Inclusion Previsional (PIP), which changed the pension system in a way that generated a new noncontributory pillar, produced a huge expansion in pension coverage between 2005 and 2008 and a transfer of a vast amount of resources to households. Using a difference in differences methodology it is found that the PIP policy has reduced the incentives to work and to be...

May 1, 2017

Articles, Labor Market, Pension design, SavingsRegulation, Savings, Voluntary pensions

01MayMay 1, 2017

The Effect of Non-Contributory Pensions on Saving in Mexico

By Catalina Amuedo-Dorantes (San Diego State Universit), Jorge Alonso Ortiz & Laura Juárez (ITAM) This paper examines the effects of non-contributory pension programs at the federal and state levels on Mexican households' saving patterns using micro data from the Mexican Income and Expenditure Survey. The federal program by itself appears to reduce the saving rate of households whose oldest member is either 18 to 54 or 65 to 69. State programs by themselves have no significant effects on household saving rates...

May 1, 2017

Articles, Labor Market, Pension design, SavingsMandatory pensions, Savings

May 2017