Pension Arrangements and Retirement Choices in Europe: A Comparison of the British, Danish and German Systems. ENEPRI Research Reports No. 5, 1 February 2005
(2005) Pension Arrangements and Retirement Choices in Europe: A Comparison of the British, Danish and German Systems. ENEPRI Research Reports No. 5, 1 February 2005.
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Abstract
This paper develops a general equilibrium simulation model of a heterogeneous population in which both consumption/saving and labour/leisure choices are endogenous. The authors use it to explore the effects of the different state benefit systems on the labour supply of old and older workers in Denmark, Germany and the UK. In broad terms, they find that differences in labour force participation can be accounted for by the differences in benefit structures. These conclusions are not altered when they allow for the effects of poor health at different ages. The UK system is found to be preferable by young persons while the German arrangement is preferred by old and older people (who make up the majority in the simulated population).
| Item Type: | Other |
|---|---|
| Remote Resource Image: |  |
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Sefton, James and va de Ven, Justin and Weale, Martin. |
| Title: | Pension Arrangements and Retirement Choices in Europe: A Comparison of the British, Danish and German Systems. ENEPRI Research Reports No. 5, 1 February 2005 |
| Language: | English |
| Institution: | The Centre for European Policy Studies |
| Journals and Series: | Series > Centre for European Policy Studies (Brussels) > ENEPRI Research Reports |
| Number: | 5 |
| Pages: | 52 |
| Month: | February |
| Year: | 2005 |
| Subjects: | Countries > Denmark EU policies and themes > Policies & related activities > social policy > welfare state Countries > Germany Countries > U.K. |
| ID Code: | 9513 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 17 August 2009 |
