The incentive effects of minimum pensions

Jiménez-Martín, Sergi

doi:10.15185/izawol.84

Cited by 9 publications

(5 citation statements)

References 11 publications

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“…Albeit beyond the scope of this article, the literature on the use of MPBs can be summed up (Jiménez-Martín, 2014) by saying that they are useful for alleviating old-age poverty but may also cause significant negative biases in the incentive to work (and contribute to the system) as individuals age. When benefits are available at an early retirement age, the incentive effects can be substantial.…”

Section: The Issue Of Introducing a Minimum Pension Benefit In Ndc Scmentioning

confidence: 99%

A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits

González

Ventura-Marco

Vidal‐Meliá

2017

Int Social Security Review

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This article proposes a “Swedish” type actuarial balance sheet (ABS) for a notional defined contribution (NDC) scheme with disability and minimum pension benefits. The proposed ABS splits the pension system in two parts: the pure NDC part and the redistributive part, which includes the assets and liabilities originating from non‐contributory rights. The article contains a numerical example that sheds light on the real applicability of our proposal. The model has practical implications that could be of interest to policy‐makers, given that it integrates actuarial and social aspects of public pensions and discloses the real cost of redistribution through minimum pensions.

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Section: The Issue Of Introducing a Minimum Pension Benefit In Ndc Scmentioning

confidence: 99%

A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits

González

Ventura-Marco

Vidal‐Meliá

2017

Int Social Security Review

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“…Also, other issues are touched upon concerning the impact of the minimum pension construction on various entities' behaviour, including the labour market (e.g. Jiménez-Martín, 2014).…”

Section: Minimum Pension As the Instrument Serving Protection Against Old People's Povertymentioning

confidence: 99%

Minimum pension as the instrument for protection of old people against poverty in Poland

Ratajczak¹,

Bartkowiak²

2021

Problemy Polityki Społecznej

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Minimum pension as the instrument for protecting… 55 55 receive the pension according to the new rules. In accordance with the conducted analyses, the minimum pension in the present form mainly reduces women's poverty (both in terms of level and depth). Raising the women's retirement age by five years (thus equalising it with men's) changes this situation only to a limited extent. Shortening the waiting period to ten years at the most (instead of twenty) for women seems to be the key decision to be taken in order to prevent poverty more effectively.

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“…These programs have greatly improved the well-being of elderly adults in some cases (Galiani, Gertler, and Bando, 2014). However, there is concern that providing NCP might reduce the need for precautionary savings, and thus alter incentives to work longer or contribute to pensions, even as they induce increases in consumption and alter saving decisions, very much like minimum pensions (Jiménez-Martín, 2014). By now, there is ample evidence that NCP facilitate retirement in the region (Bosch, Melguizo, and Pagés, 2013) but in some instances, contributions to the mandatory system have declined .…”

Section: Box 74 Household Saving and Noncontributory Pensionsmentioning

confidence: 99%

Ahorrar para desarrollarse: Cómo América Latina y el Caribe puede ahorrar más y mejor

Cavallo¹,

Serebrisky²,

Frisancho³

et al. 2016

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The incentive effects of minimum pensions

Cited by 9 publications

References 11 publications

A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits

A “Swedish” actuarial balance for a notional defined contribution pension scheme with disability and minimum pension benefits

Minimum pension as the instrument for protection of old people against poverty in Poland

Ahorrar para desarrollarse: Cómo América Latina y el Caribe puede ahorrar más y mejor

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