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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19005| Title: | Household saving rates and the design of social security programmes : evidence from a country panel |
| Keywords: | E21 H24 G23 ddc:330 social security reform household saving Soziale Sicherung Sparen Private Rentenversicherung Gesetzliche Rentenversicherung Crowding out Schätzung OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | I argue that the offsetting effect of social security contributions on household retirement saving depends on how closely the social security programme imitates a private retirement saving plan (i.e. the ?actuarial? component of the social security programme) – the closer the design of the programme to a private retirement saving plan, the higher the offset. I estimate the determinants of household saving rates in a cross-country panel, augmenting standard measures of social security programme generosity and cost by indicators that proxy the actuarial component of the programme. These indicators affect saving rates as predicted; moreover they also affect labour force participation rates of older women (but not men). The findings are consistent with the view that more actuarially-based public programmes are treated by participants as a mandatory saving programme rather than as a tax-and-transfer system, thereby raising labour force participation rates but also increasing the programme?s substitutability for private retirement saving. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19005 |
| Other Identifiers: | http://hdl.handle.net/10419/19005 ppn:500854327 |
| Appears in Collections: | EconStor |
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