The welfare effects of co-payments in long term care

by Bram Wouterse, Arjen Hussem, Albert Wong
April, 2019

Insight in the lifecycle dynamics of long term care costs is important to understand the effect of policy changes, such as the design of co-payments, on the costs and welfare across income and wealth groups. Modeling long term care expenditures over the lifecycle is challenging because of their very uneven distribution. We find that the … Continued

Supporting decision-making in retirement planning: do diagrams on pension benefit statements help?

by Féidhlim McGowan, Pete Lunn
April, 2019

This study used a controlled experiment to test whether explanatory diagrams can improve comprehension of pensions and increase willingness to contribute to a pension. It finds that diagrams help people to see the benefits of contributing to a pension, but people still struggle to understand how pensions work. People find tax relief particularly complex, raising concerns … Continued

The impact of a minimum wage increase on temporary contract workers

by Seamus McGuinness, Paul Redmond
April, 2019

We study the impact of the 2016 increase in the Irish minimum wage on the hours worked and the probability of job loss of minimum wage workers. We pay particular attention to temporary contract workers, which may be more susceptible to changes to their working conditions compared to permanent employees. The results indicate that the … Continued

Internal and External Hiring

by Jed DeVaro, Antti Kauhanen, Nelli Valmari
April, 2019

Using large-scale, linked, employer–employee, Finnish panel data, the authors examine firms’ internal versus external hiring decisions more comprehensively than has prior literature. The results show that vacancies in job hierarchies are filled more often by horizontal moves than by promotions. Most horizontal moves are external and within the same job functions, so that internally promoted … Continued

Top 3: Pension Systems in Denmark, Finland, and the Netherlands

by Jensen Svend E. Hougaard, Jukka Lassila, Niku Määttänen, Tarmo Valkonen, Ed Westerhout
April, 2019

According to the 2018 Mercer Global Pension index, the pension systems of Denmark, Finland and the Netherlands are the best three in the world. This paper seeks to identify the common elements of success of these three pension systems, including the institutional framework within which they operate. We emphasize the collective and compulsory nature of … Continued

DyMH_LU: a simple tool for modelling and simulating the health status of the Luxembourgish elderly in the longer run

by  Anne-Sophie Genevois, Philippe Liegeois, Maria Noel Pi Alperin
April, 2019

We are facing one of the most important demographic events of the last decades in Europe: the population ageing process. This process will have significant economic effects particularly on health. As most diseases are age-related, this process might imply a proportionally higher share of individuals with declining health. Being able to forecast the health status … Continued