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

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 there...

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Bibliographic Details
Main Authors:	Bodor, András, Robalino, David, Rutkowski, Michal
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCRUAL RATE AGE GROUP AGE GROUPS AVERAGE EARNINGS BENEFIT FORMULA BENEFIT FORMULAS BORROWING CALCULATION CALCULATIONS CAPITAL GROWTH CAPITAL SHARE CAPITAL STOCK COMPENSATION PACKAGE CONTRIBUTION CONTRIBUTION RATE CURRENT PENSION CURRENT PROGRAM CURRICULUM DEFINED BENEFIT DEFINED BENEFIT PENSION DISCOUNT RATE EARLY RETIREMENT ECONOMIC BENEFITS ECONOMIC COST ECONOMIC COSTS ECONOMIC GROWTH ECONOMIC THEORY EDUCATIONAL ATTAINMENT EDUCATIONAL LEVEL EDUCATIONAL LEVELS EMPLOYEE FACTOR MARKETS FEMALE LABOR FEMALE LABOR FORCE FERTILITY FINANCIAL HEALTH FINANCIAL SUSTAINABILITY FORMAL LABOR MARKET FULL EMPLOYMENT FUTURE PENSIONS GOVERNMENT PENSION GOVERNMENT REVENUES HOUSEHOLD SURVEY HUMAN CAPITAL HUMAN DEVELOPMENT IMPLICIT INTEREST INCENTIVE PROBLEMS INCOME INCOME FLOW INCOME FLOWS INCOME GROUP INDIVIDUAL RETIREMENT INDIVIDUAL SAVINGS INFORMAL SECTOR INFORMAL SECTORS INTEREST RATE INTEREST RATES INTERNAL RATE OF RETURN INTERNAL RATES OF RETURN INTERNATIONAL BANK JOBS LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR SUPPLY LABOUR LABOUR MARKET LACK OF PORTABILITY LEVEL OF DEBT LEVEL OF EDUCATION LEVEL OF RISK MANPOWER MANPOWER PLANNING MARGINAL COSTS MARKET DISTORTIONS MARKET SEGMENTATION MIDDLE EAST MOBILITY OF LABOR MORTALITY NORTH AFRICA OCCUPATION OCCUPATIONAL PENSION OCCUPATIONAL PENSION SCHEMES OCCUPATIONS OLDER WORKERS PENSION PENSION BENEFIT PENSION FUND PENSION FUNDS PENSION PLAN PENSION PLANS PENSION POLICIES PENSION POLICY PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SCHEME PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONERS PENSIONS PRESENT VALUE PREVIOUS SECTION PRIMARY EDUCATION PRIMARY SOURCE PRIVATE SECTOR PRIVATE SECTOR JOB PRIVATE SECTOR PUBLIC PRIVATE SECTOR WORKERS PRIVATE SECTORS PROBABILITIES PROBABILITY PRODUCTIVITY PROGRAM COSTS PUBLIC SECTOR JOB PUBLIC SECTOR WORKERS RATE OF RETURN RATES OF RETURN RATES OF RETURNS REAL WAGES RETIRED RETIRED INDIVIDUAL RETIREMENT AGE RETIREMENT AGES RETIREMENT BEHAVIOR RETIREMENT DECISION RETIREMENT DECISIONS RETIREMENT INCENTIVES RETIREMENT INCOME RETURN ON CONTRIBUTIONS RISK AVERSE INDIVIDUALS RISK AVERSION SALARIES SALARY SAVINGS RATE SECONDARY EDUCATION SERVANTS SKILLED LABOR SKILLS DEVELOPMENT SOCIAL COSTS SOCIAL INSURANCE SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY SYSTEMS STOCKS SURVIVAL PROBABILITIES TAX TOTAL FACTOR PRODUCTIVITY TOTAL WAGE TRAINING INSTITUTION TYPES OF PENSION UNEMPLOYED UNEMPLOYED INDIVIDUALS VALUE OF CONTRIBUTIONS VALUE OF PENSIONS VOCATIONAL TRAINING WAGE WAGE BILL WAGE DIFFERENTIAL WAGES WITHDRAWAL WORTH YEARS OF SERVICE
Online Access:	http://documents.worldbank.org/curated/en/2007/09/8323915/assessing-distortions-mandatory-pensions-labor-supply-decisions-human-capital-accumulation-bridge-gap-between-economic-theory-policy-analysis http://hdl.handle.net/10986/7348