This briefing note on economic efficiency explores indicators related to the incentive to work. The first part looks at the retirement decision. There is now a mountain of evidence showing that retirement behavior responds strongly to the incentives embedded in the pension system. Equally, these incentives matter for equity reasons: people who work more and contribute more should have higher pensions. Yet many countries' pension systems continue to...
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2010/01/01
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Informativo
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70352
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1
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1
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2012/06/29
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Disclosed
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Economic efficiency : Minimizing the pension system's distortions of individual choices
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pension wealth
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