We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper … welfare of a number of policies often advocated to improve the sustainability of pension systems. New tax data on dynamic …

rates, low growth and low productivity) are raising concerns about the sustainability of pension schemes over the long term … slowly, they can potentially endanger the sustainability of pension schemes, particularly those operating under a defined …

Policy discussions on pension systems generally focus on their sustainability and design, including retirement age …

This document presents a detailed analysis of the structure of general government spending in Spain and its recent ….2% compared to 46% in the EU-15). In terms of the composition by expenditure items, Spain has a relatively high weight compared to … other European countries in items such as social benefits (pensions and unemployment) and debt interest payments, but a …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

's pensions landscape. Nevertheless there remain concerns about future costs, while unease about adequacy is growing. This study … develops a comprehensive framework to assess pension system sustainability. It captures the effects of reforms on the ability … longevity and changes in the value of pensions during retirement. Moreover, rather than focusing only on average earners with …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …