Social insurance and retirement: A cross-country perspective

Laun, Tobias; Wallenius, Johanna

doi:10.1016/j.red.2016.06.004

Cited by 33 publications

(31 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Further, the scal costs of Medicare are likely to be much lower for individuals with a college degree. Lastly, we assume that all individuals work until 65 not taking into account that college graduates on average work longer (Laun and Wallenius, 2016). These facts would generally strengthen the case for an increase in college subsidies.…”

Section: Optimal (Need-based) Financial Aidmentioning

confidence: 99%

Optimal Need-Based Financial Aid

Colas¹,

Findeisen²,

Sachs³

2021

Journal of Political Economy

View full text Add to dashboard Cite

We study the optimal design of student nancial aid as a function of parental income. We derive optimal nancial aid formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students receive more aid even without distributional concerns. We quantitatively extend this result to an empirical model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. Optimal nancial aid is strongly declining in parental income even without distributional concerns. Equity and eciency go hand in hand.

show abstract

Section: Optimal (Need-based) Financial Aidmentioning

confidence: 99%

Optimal Need-Based Financial Aid

Colas¹,

Findeisen²,

Sachs³

2021

Journal of Political Economy

View full text Add to dashboard Cite

show abstract

“…By contrast, Hernaes and Jia (2013) found that abolishing the earnings test for early pension claims did increase the labour supply, but mainly through the intensive margin. Laun and Wallenius (2016) pointed out that the availability of disability and unemployment insurance programmes also explains part of the variation in labour market outcomes across countries.…”

Section: Previous Research Into Pension Age Reformsmentioning

confidence: 99%

Does raising the pension age prolong working life? Evidence from pension age reform in Estonia

Soosaar

Puur²,

Leppik³

2020

Journal of Pension Economics and Finance

View full text Add to dashboard Cite

We estimate how raising the statutory retirement age affects employment by considering the pension age reform in Estonia, that gradually raised the normal retirement age (NRA) for women from 58 to 61.5 and the early retirement age (ERA) from 56 to 59.5 during the period of 2001–2011. The analysis employs a difference-in-differences estimation strategy on register data covering women born between 1943 and 1952. The reform did have an impact on the employment rate of affected women, with an estimated increase of 4.1 percentage points associated with the rise in the NRA, and 3.4 percentage points with the rise in the ERA. These estimates are at the lower end of those found in previous studies for other countries, pointing to the role of contextual features such as lower replacement rates and fewer disincentives to work while drawing pensions.

show abstract

“…oecd.org/Index.aspx?DataSetCode=TAXBEN). 21 For details on how to compute this benefit, see Laun and Wallenius (2016). Given the value of being long-term unemployed, I can solve for the value function of an individual in her 26th week of unemployment.…”

Section: Calibrationmentioning

confidence: 99%

Optimal Social Insurance with Endogenous Health*

Laun

2019

Scandinavian J Economics

Self Cite

View full text Add to dashboard Cite

In this paper, I analyze optimal insurance against unemployment and disability in a private information economy with endogenous health and search effort. Individuals can reduce the probability of becoming disabled by exerting prevention effort. I show that the optimal sequence of consumption is increasing for a working individual and constant for a disabled individual. During unemployment, decreasing benefits are not necessarily optimal. The prevention constraint implies increasing benefits while the search constraint demands decreasing benefits while being unemployed. However, if individuals respond sufficiently to search incentives, the latter effect dominates the former and the optimal consumption sequence is decreasing during unemployment.

show abstract

Social insurance and retirement: A cross-country perspective

Cited by 33 publications

References 20 publications

Optimal Need-Based Financial Aid

Optimal Need-Based Financial Aid

Does raising the pension age prolong working life? Evidence from pension age reform in Estonia

Optimal Social Insurance with Endogenous Health*

Contact Info

Product

Resources

About