Many countries all over the world have been facing the problem of deteriorating demographics, forcing reforms of the pension system model as well as its main parameters. An important perspective of the assessment of the financial sustainability of a pension system is the division of current GDP...

Very recently, the European Institutions made progress on the Capital Markets Union (CMU). The CMU is part of the so called "Juncker-Plan" which aims to boost investment across Europe. In our contribution we focus on retirement savings and investment for growth aspects of the CMU. We find that...

For majority of people, pensions are the most important income replacement benefit, when the ability to work is reduced (or no economic activity is expected anymore) due to old age. Moreover, equal access to social protection, regardless of the type and duration of employment, is one of the...