The Experts below are selected from a list of 32214 Experts worldwide ranked by ideXlab platform
Romain Duval - One of the best experts on this subject based on the ideXlab platform.
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retirement behaviour in oecd countries impact of old age Pension schemes and other social transfer programmes
Oecd Economic Studies, 2004Co-Authors: Romain DuvalAbstract:This paper examines the impact of Old-Age Pension systems and other social transfer programmes on the retirement decision of older males in OECD countries. For each of the 55-59, 60-64 and 65+ age groups, a new panel dataset of retirement incentives embedded in those schemes is constructed, focusing mainly on the implicit tax rate on continued work. These currently differ widely across OECD countries: they are high in most Continental European Countries, compared with Japan, Korea, English-speaking and Nordic countries. Simple cross-country correlations and panel data econometric estimates both show that implicit taxes on continued work have sizeable effects on the departure of older male workers from the labour force ...
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The Retirement Effects of Old-Age Pension and Early Retirement Schemes in OECD Countries
OECD Economics Department Working Papers, 2003Co-Authors: Romain DuvalAbstract:This paper examines the impact of Old-Age Pension systems and other social transfer programmes on the retirement decision of older males in OECD countries. For each of the 55-59, 60-64 and 65+ age groups, a new panel dataset (22 OECD countries over 1969-1999 or shorter periods in some cases) of retirement incentives embedded in those schemes is constructed for an illustrative worker. The main focus is on the implicit tax rate on working for five more years, which sums up various dimensions of retirement incentives such as the Pension accrual rate but also, to a lesser extent, the availability and generosity of benefits. There is currently wide dispersion across OECD countries in implicit tax rates on continued work embedded in Old-Age Pension and early retirement schemes: they are high in most Continental European Countries, compared with Japan, Korea, English-speaking and Nordic countries. Simple cross-country correlations and panel data econometric estimates both show that ...
Marjan Maes - One of the best experts on this subject based on the ideXlab platform.
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Financial and redistributive impact of reforming the Old-Age Pension system in Belgium
2008Co-Authors: Marjan MaesAbstract:The effects of three reforms of the Belgian Old-Age Pension system were examined on retirement behaviour, government budget and income distribution of the Old-Age retired. On the basis of a large administrative micro-dataset used to estimate and simulate a discrete-time hazard model we found that reforms of the Old-Age Pension system that penalize early retirement, and in particular penalize early retirement of the rich more than the poor, are not only the ones that enhance the financial sustainability of the system at most but at the same time lead to the strongest decrease of income inequality and relative poverty among the Old-Age retired. On the contrary, reforms that compensate retirement beyond the age of eligibility like the “Pension bonus” recently implemented in Belgium lead to budget deficits and at the same time to a higher income inequality among the Old-Age retired. Finally, it was shown that the impact of reforming the Old-Age Pension system may be limited for individuals that have the prospect of receiving occupational Pension benefits, among others because in Belgium these are subject to an extremely generous fiscal treatment.
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Redistributive impact of reforming the Old-Age Pension system in Belgium
2008Co-Authors: Marjan MaesAbstract:The effects of three reforms of the Belgian Old-Age Pension system were examined on retirement behaviour, government budget and income distribution of the retired. The first reform adjusts benefits with 5% for each year of retirement deviating from age 65 in the window 60-70. The second reform adjusts benefits with a lump sum amount of money for each year of retirement deviating from 65. In order to draw comparisons, the lumpsum amount is chosen such that, under the hypothesis of no labour supply adjustments, it has the same budgetary impact as the first reform. The third reform results of the recent implementation of the “Pension bonus” in the Belgian Old-Age Pension system. The belgian government wants people to work longer but does not penalize early retirement for reasons of political economy. Pension benefits are increased by 300 euro on a yearly basis for each year of retirement after age 60 in the window 60-65. The bonus applies, as the other two reforms, only to the bismarckian part of Pension benefits, not to the means-tested assistance. The first and second reform increase retirement age with 0.9-1.8years and enhance financial sustainability of the system, contrary to the third reform that increases retirement age with 0.3-0.4 years. The first reform is not only the one that increases the size of the cake most but is also the one that divides the cake in most equal slices. Finally, it was shown that the impact of reforming the Old-Age Pension system may be limited for individuals that have the prospect of receiving occupational Pension wealth.
Yongxin Zhou - One of the best experts on this subject based on the ideXlab platform.
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socialist welfare in a market economy social security reforms in guangzhou china
2001Co-Authors: Nelson Chow, Yongxin ZhouAbstract:Economic and labour reforms in China: economic growth and the diminishing role of state-owned enterprises reform of state-owned enterprises - a historical overview reform of the labour and wage system challenge to reform of state-owned enterprises. from labour insurance to social security: shortcommings of the labour insurance regulations establishing a modern multi-tier Old-Age Pension system unemployment insurance in a socialist market economy. The Guangzhou experience for the nation: the first city to experiment economic reform dismantling the state-owned enterprises in Guangzhou Old-Age Pension system with Guangzhou characteristics new ventures in unemployment, injuries and death and maternity insurance. A long and winding road of social security reform: has China established a socialist social security system with Chinese characteristics?
Vimal Ranchhod - One of the best experts on this subject based on the ideXlab platform.
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the effect of the south african old age Pension on labour supply of the elderly
South African Journal of Economics, 2006Co-Authors: Vimal RanchhodAbstract:In this paper, we estimate the effect of the means tested South African Old Age Pension on labour supply amongst the elderly African subpopulation in South Africa. We find significant decreases in employment rates and labour supply. Those who remain employed beyond the Pensionable age are more likely to work in jobs with flexible hours of work, and work even fewer hours than people in similar jobs who are not Pension age-eligible. Our results suggest that governments do need to consider the labour supply related incentives provided via its various welfare programmes. Copyright (c) 2006 The Author. Journal compilation (c) 2006 Economic Society of South Africa.
Mei Da-yong - One of the best experts on this subject based on the ideXlab platform.
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Research into debt problem of Old-Age Pension because of insufficient funds of state-owned enterprises
Journal of Chongqing Technology and Business University, 2006Co-Authors: Mei Da-yongAbstract:China's state-owned enterprises have debt problem of Old-Age Pension because of insufficient funds,which result in a risk state of financial stability of public Old-Age Pension funds.Generational accounting,whose present value can objectively measure hidden risk of Old-Age Pension payment ability and compensating anticipated Old-Age Pension debt,is an effective method to evaluate long-term influence of financial policy on benefit distribution effect between two generations.Simulated analysis of Old-Age Pension payment situation of the listed state-owned enterprises in Hong Kong recognizes the Pension transfer scale between generations and has important enlightenment on financial report of Old-Age Pension plan,selectable policy adjustment,influenced shareholder group and so on.
