Evaluating Pension Portability Reforms: The Tax Reform Act of 1986 as a Natural Experiment [PDF]
This paper uses the Tax Reform Act of 1986 as a natural experiment to evaluate the job mobility response of prime-aged US employees participating in employer sponsored defined benefit pension plans to a reduction in the vesting period for pension rights ...
Vincent A. Hildebrand +1 more
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The effect of pension rules on retirement monetary incentives with an application to pension reforms in Spain [PDF]
In this work we theoretically disentangle the effects of pension provisions on a variety of financial incentives to retirement, trying to reconcile them with some key Spanish retirement patterns.
Jiménez-Martín, Sergi +1 more
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Inter- and Intra-generational Consequences of Pension Buffer Policy under Demographic, Financial and Economic Shocks [PDF]
We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks.
Alessandro Bucciol, Roel Beetsma
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Market impact costs of institutional equity trades [PDF]
This paper is the first to analyze market impact and execution costs of equity trading by a pension fund. We find that, on average, these costs are nonnegligible.
Bikker, J.A. +2 more
core +4 more sources
Public pensions, changing employment patterns, and the impact of pension reforms across birth cohorts: A microsimulation analysis for Germany [PDF]
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic ...
Geyer, Johannes, Steiner, Viktor
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In this thesis we have looked at which of the two government incentivised saving schemes Aksjesparekonto (ASK) or Individuell pensjonssparing (IPS) is the most beneficial for the average Norwegian saver when saving for their post retirement consumption.
Nguyen, Tommy, Skartland, Per-Johan
openaire +1 more source
Preparing for retirement: the pension arrangements and retirement expectations of those approaching state pension age in England [PDF]
This paper provides a detailed analysis of individuals in households in England aged between 50 and the State Pension Age in terms of their private pension arrangements and current non-pension assets alongside their expectations of future economic ...
Carl Emmerson +2 more
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Macroeconomic Performance and the Design of Public Pension Programmes [PDF]
I examine the impact of the design of the Irish public pension programme on two dimensions of Ireland’s macroeconomic performance - employment and the average saving rate.
Richard Disney
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The Impact of Rising 401(k) Pension Coverage on Future Pension Income [PDF]
Using data from the 1992 Health and Retirement Survey and the 1992 Survey of Consumer Finances, this study compares the level of benefits in 401(k), non-401(k) defined contribution (DC), and defined benefit (DB) plans.
David A. Macpherson, William E. Even
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Portable alphas from pension mispricing [PDF]
We introduce a new dynamic trading strategy based on the systematic misspricing of U.S. companies sponsoring Defined Benefit pension plans. This portfolio produces an average return of 1.51% monthly between 1989 and 2004, with a Sharpe Ratio of 0.26. The
Francesco Franzoni, José M. Marín
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