Search results for "retirement"

Integrating Retirement and Long-Term Care (LTC) Annuities Using a Notional Defined Contribution (NDC) Framework

2014

This paper examines the possibility of embedding public long-term care (LTC) insurance within the retirement pension system, i.e. introducing life care annuities (LCAs) into a notional defined contribution (NDC) framework. To do this we develop a multistate overlapping generations model (MOLG) that includes the so-called survivor dividend and give special attention to the assumptions made about mortality rates for dependent persons and LTC incidence rates, which largely determine the contribution rate assigned to LTC. The proposed model could be of interest to policymakers because it could be implemented without too much difficulty, it would universalize LTC coverage with a "fixed" cost, an…

Examining Bridge Employment From a Self-employment Perspective : Evidence From the Health and Retirement Study

2017

Body weight and premature retirement: population-based evidence from Finland.

2021

Abstract Background Health status is a principal determinant of labour market participation. In this study, we examined whether excess weight is associated with withdrawal from the labour market owing to premature retirement. Methods The analyses were based on nationally representative data from Finland over the period 2001–15 (N ∼ 2500). The longitudinal data included objective measures of body weight (i.e. body mass index and waist circumference) linked to register-based information on actual retirement age. The association between the body weight measures and premature retirement was modelled using cubic b-splines via logistic regression. The models accounted for other possible risk fact…

The financial impact of Spanish pension reform: A quick estimate

2012

In this paper, we present a preliminary estimate of the financial impact of the recent reform of the Spanish pension system. After updating the projections of pension expenditure constructed in de la Fuente and Doménech (2010) for the period 2008-2060, we analyze the impact on this variable of raising the retirement age from 65 to 67 years, extending from 15 to 25 years the period over which wages are averaged to calculate the starting pension and increasing from 35 to 37 the number of contribution years required to obtain a 'full pension.' Conditional on a series of assumptions about the evolution of employment, productivity and demographics, our estimates suggest that these measures will …

Converting Retirement Benefit into a Life Care Annuity with Graded Benefits: How Costly Would it Actually Be?

2016

This paper deals with life care annuities, i.e. bundled products comprising a life annuity and long-term care insurance. It aims to assess the cost of converting retirement benefit into a life care annuity with graded benefits using a pre-existing public pay-as-you-go pension scheme. With this objective in mind, we present an actuarial method based on array calculus for valuing this type of life care annuity. The health dynamics of the annuitant rely on a reversible illness-death multistate framework. The paper contains a numerical example in which mortality and disability assumptions are based on data from the USA and Australia, although this should be viewed simply as an illustration. In …

The Retirement and Early Retirement in Italy: a System Dynamics approach

2006

The main aim of this study is underline that System Dynamics approach allows the building of a general framework in which psychological, economic, social, legal and organizational variables converge to describe the retirement behaviour and its main unintended consequences. It’s emphasized that organizational commitment and psychological contract breach play a considerable role in the dynamics of retirement behaviour. In the first part of this paper, an analysis of main contributions in the retirement and early retirement fields is outlined. Further, the psychological, social, economical and legal approach to retirement behaviour is also briefly remarked. In the second part, retirement pheno…

Travailler plus longtemps ? Enjeux professionnels et non-professionnels des départs à la retraite dans l'enseignement

2016

Au Québec, en raison du vieillissement de la population et de l’introduction, par le gouvernement, de politiques de maintien en emploi, les enseignants sont incités à travailler plus longtemps. Dans cet article, nous nous demandons si les enseignants peuvent être sensibles à ces incitations, et cherchons à en comprendre les raisons en analysant les conditions d’enseignement et les trajectoires de vie. La recherche s’appuie sur 24 entretiens semi-dirigés auprès d’enseignants âgés de 50 ans et plus, exerçant à différents niveaux dans les commissions scolaires francophones. Nous montrons que les enseignants rencontrés n’envisagent pas, pour la plupart, de prolonger leur service dans l’enseigne…

Strategic Responses: A Survey Experiment on Opposition to Pension Reforms*

2013

The responses given in opinion polls on future policy reforms reflect both subjective expectations and preferences. We disentangle these factors using data from a controlled survey experiment conducted in Germany. At the time of the experiment, an increased retirement age had been proposed as part of a pension reform. Thus, the survey respondents faced an incentive to give biased responses. By understating their expected work ability at the age of retirement, they could make the increase of the retirement age a less attractive policy option. We find evidence for such strategic response behavior, and this strategic bias appears to be stronger in former communist East Germany.

Ochrona socjalna sędziów sądów powszechnych

2018

ESTIMATION OF PRIVATE AND SOCIAL RATES OF RETURN TO INVESTMENTS IN EDUCATION IN LATVIA

2013

The main aim of the paper is to evaluate the rates of return to investments in education at individual and society level as well. The task of the paper is to provide detailed analysis and estimation of the variables which impact the private and social rates of return. It is based on Professor Angel de la Fuente methodology complemented by Mincer earnings function and non-parametric DEA (Data Envelopment Analysis) method to estimate world technological frontier and the technological gap. For this purpose the authors build the matrix with respective years of schooling depending from level of schooling and birth of year taking into account the differences in schooling system since 1940ties. Th…