This paper studies human capital formation, labor supply and retirement decisions associated with four alternative regimes of social security. We implement a theoretical model with overlapping generations of households and two different ability types within each generation. We find that with a given social security contribution rate, it is better to transfer income to the elderly as old-age ben...

A L M O S T 3 4 mi l l ion persons are estimated to have been insured 1 under Federal old-age and survivors insurance at the beginning of 1 9 4 4 . Tha t is, there were about 3 4 mi l l ion persons whose deaths could result i n the award of benefits under the program. A l most a mi l l ion were ful ly insured workers who had attained age 6 5 and therefore could have been entit led to pr imary b...

This paper examines variation in old-age income inequality between industrialized nations with modern welfare systems. The analysis of income inequality across countries with different retirement income systems provides a perspective on public pension policy choices and designs within a country and their distributional implications. Because of the progressive nature of public pension programs, ...

HOW MUCH of the earnings of a worker with fering rest&s, serve to point up the difficulties average wages does the old-age pension replace in involved. foreign count,ries and how does the United States International Labor Organization (ILO) records on the adherence to Conventions compare with other countries iu this respect,? The of that body tend to reflect a very high replacenumber of queries...

The purpose of this project is to simulate and measure the potential labor incentive effects of proposed reforms to the Chilean privatized social security system. The potential policy changes would create universal social security coverage by providing non-contributory pensions to the poor who are currently uncovered by any formal retirement or disability insurance. The simulations consider the...

BACKGROUND A physically active lifestyle has the potential to prevent cognitive decline and dementia, yet the optimal type of physical activity/exercise remains unclear. Dance is of special interest as it complex sensorimotor rhythmic activity with additional cognitive, social, and affective dimensions. OBJECTIVES To determine whether dance benefits executive function more than walking, an ac...

This article reports the findings of the first cross-national study since 1975 of earnings replacement rates--the proportion of immediate preretirement earnings replaced by social security retirement benefits. In the countries studied--Austria, Canada, Denmark, France, the Federal Republic of Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States-...