Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation: How To Bridge The Gap Between Economic Theory And Policy Analysis
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
|
| Schlagwörter: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4355 |
| Umfang: | 1 Online-Ressource (28 Seiten) |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040618959 | ||
| 003 | DE-604 | ||
| 005 | 20250121 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s2007 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093229062 | ||
| 035 | |a (OCoLC)836745047 | ||
| 035 | |a (DE-599)GBVNLM005465214 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Bodor, Andras |e Verfasser |0 (DE-588)140007113 |4 aut | |
| 245 | 1 | 0 | |a Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation |b How To Bridge The Gap Between Economic Theory And Policy Analysis |c Bodor, Andras |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2007 | |
| 300 | |a 1 Online-Ressource (28 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 1 | |a Mandatory pension systems play a major role in individual savings and labor supply decisions. In particular, it is well known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and therefore reduce labor supply and the stock of human capital in a given country. This is an important policy issue in middle-income countries, with still low participation rates in the labor force, where the "window" opened by the demographic transition is already closed or will close in the near future. In these countries, policies to stimulate private sector growth, competitiveness, and employment creation should be accompanied by policies that increase labor force participation, raising the ratio of active to inactive population and therefore the potential for higher income per capita growth. Unfortunately, the analytical tools developed to assess pension reform options tend to focus on the financial sustainability of the schemes and the adequacy of benefits. Little attention is given in practice to the social costs imposed by distortions on the supply of labor. In part, this is given by the lack of analytical tools that, in the context of limited information regarding individual preferences and behavior, can be used to assess the magnitude of these distortions. This paper develops methodologies that can bridge the gap between economic theory and the practices of pension policy personnel under conditions of deep uncertainty regarding the variables driving individual behavioral responses to policy changes. First, the paper develops an indicator to predict the age-specific retirement probabilities induced by a particular pension system, given heterogeneous individual preferences over risk, consumption, and leisure. The paper then describes how this indicator can be used to project the size of the labor force by gender, age and skill level and therefore the dynamics of human ... | |
| 534 | |c 2007 | ||
| 653 | |a Debt Markets | ||
| 653 | |a Early retirement | ||
| 653 | |a Employment | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Human Capital | ||
| 653 | |a Labor Markets | ||
| 653 | |a Labor Policies | ||
| 653 | |a Labor Supply | ||
| 653 | |a Labor force | ||
| 653 | |a Labor force participation | ||
| 653 | |a Labor market | ||
| 653 | |a Labor markets | ||
| 653 | |a Pensions and Retirement Systems | ||
| 653 | |a Private sector | ||
| 653 | |a Social Protections and Labor | ||
| 653 | |a Total factor productivity | ||
| 700 | 1 | |a Robalino Aguirre, David A. |d 1969- |e Verfasser |0 (DE-588)1046749145 |4 aut | |
| 700 | 1 | |a Rutkowski, Michał |e Verfasser |0 (DE-588)170752437 |4 aut | |
| 776 | 0 | 8 | |i Reproduktion von |a Bodor, Andras |t Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation |d 2007 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4355 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025446458 | |
Datensatz im Suchindex
| DE-BY-OTHR_katkey | 5052201 |
|---|---|
| DE-BY-TUM_katkey | 1901375 |
| _version_ | 1831256824220745728 |
| adam_text | |
| any_adam_object | |
| author | Bodor, Andras Robalino Aguirre, David A. 1969- Rutkowski, Michał |
| author_GND | (DE-588)140007113 (DE-588)1046749145 (DE-588)170752437 |
| author_facet | Bodor, Andras Robalino Aguirre, David A. 1969- Rutkowski, Michał |
| author_role | aut aut aut |
| author_sort | Bodor, Andras |
| author_variant | a b ab a d a r ada adar m r mr |
| building | Verbundindex |
| bvnumber | BV040618959 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093229062 (OCoLC)836745047 (DE-599)GBVNLM005465214 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040618959</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250121</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s2007 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093229062</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)836745047</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005465214</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Bodor, Andras</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)140007113</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation</subfield><subfield code="b">How To Bridge The Gap Between Economic Theory And Policy Analysis</subfield><subfield code="c">Bodor, Andras</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (28 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">Mandatory pension systems play a major role in individual savings and labor supply decisions. In particular, it is well known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and therefore reduce labor supply and the stock of human capital in a given country. This is an important policy issue in middle-income countries, with still low participation rates in the labor force, where the "window" opened by the demographic transition is already closed or will close in the near future. In these countries, policies to stimulate private sector growth, competitiveness, and employment creation should be accompanied by policies that increase labor force participation, raising the ratio of active to inactive population and therefore the potential for higher income per capita growth. Unfortunately, the analytical tools developed to assess pension reform options tend to focus on the financial sustainability of the schemes and the adequacy of benefits. Little attention is given in practice to the social costs imposed by distortions on the supply of labor. In part, this is given by the lack of analytical tools that, in the context of limited information regarding individual preferences and behavior, can be used to assess the magnitude of these distortions. This paper develops methodologies that can bridge the gap between economic theory and the practices of pension policy personnel under conditions of deep uncertainty regarding the variables driving individual behavioral responses to policy changes. First, the paper develops an indicator to predict the age-specific retirement probabilities induced by a particular pension system, given heterogeneous individual preferences over risk, consumption, and leisure. The paper then describes how this indicator can be used to project the size of the labor force by gender, age and skill level and therefore the dynamics of human ...</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">2007</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Early retirement</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Employment</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Human Capital</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor Policies</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor Supply</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor force</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor force participation</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor market</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Labor markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Pensions and Retirement Systems</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Private sector</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Social Protections and Labor</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Total factor productivity</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Robalino Aguirre, David A.</subfield><subfield code="d">1969-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1046749145</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Rutkowski, Michał</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)170752437</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Bodor, Andras</subfield><subfield code="t">Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation</subfield><subfield code="d">2007</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4355</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025446458</subfield></datafield></record></collection> |
| id | DE-604.BV040618959 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-21T15:01:57Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446458 |
| oclc_num | 836745047 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (28 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Bodor, Andras Robalino Aguirre, David A. 1969- Rutkowski, Michał Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis |
| title | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis |
| title_auth | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis |
| title_exact_search | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis |
| title_full | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis Bodor, Andras |
| title_fullStr | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis Bodor, Andras |
| title_full_unstemmed | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis Bodor, Andras |
| title_short | Assessing The Distortions of Mandatory Pensions On Labor Supply Decisions And Human Capital Accumulation |
| title_sort | assessing the distortions of mandatory pensions on labor supply decisions and human capital accumulation how to bridge the gap between economic theory and policy analysis |
| title_sub | How To Bridge The Gap Between Economic Theory And Policy Analysis |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4355 |
| work_keys_str_mv | AT bodorandras assessingthedistortionsofmandatorypensionsonlaborsupplydecisionsandhumancapitalaccumulationhowtobridgethegapbetweeneconomictheoryandpolicyanalysis AT robalinoaguirredavida assessingthedistortionsofmandatorypensionsonlaborsupplydecisionsandhumancapitalaccumulationhowtobridgethegapbetweeneconomictheoryandpolicyanalysis AT rutkowskimichał assessingthedistortionsofmandatorypensionsonlaborsupplydecisionsandhumancapitalaccumulationhowtobridgethegapbetweeneconomictheoryandpolicyanalysis |