The gender pension gap, the difference in pension entitlements between men and women, is 32 percent for 60-yearolds according to data from the German Pension Insurance (Deutsche Rentenversicherung). In addition, there is a considerable motherhood pension gap: Statutory pension entitlements for mothers and childless women differ greatly. Pension-related childcare credits, which were introduced in 1986 ...
This paper estimates the impact of financial incentives on retirement decision in France for cohorts of men retiring between 1994 to 2012. During these two decades, a number of pension reforms took place, all aiming to achieve financial balance in the context of increasing life expectancy. These reforms strengthened incentives to retire later, either by ofoffering increased pension benefit for later ...
In macroeconomic models featuring borrowing-constrained agents, the effects of monetary policy depend on the fiscal reaction to interest rate changes. This paper presents new evidence on the dynamic causal effects of U.S. monetary policy shocks on fiscal instruments and estimates a Heterogeneous Agent New Keynesian model with fiscal feedback rules to match the empirical results. I find that U.S. fiscal ...
Der Gender Pension Gap, der den Unterschied bei den Rentenansprüchen zwischen Männern und Frauen misst, liegt laut Daten der Deutschen Rentenversicherung im Alter von 60 Jahren bei 32 Prozent. Darüber hinaus zeigt sich auch ein deutlicher Unterschied bei den gesetzlichen Rentenansprüchen zwischen Müttern und kinderlosen Frauen (Motherhood Pension Gap). Diesem Gap wirken die im Jahr 1986 eingeführten ...
