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When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
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-related questions is stronger in the presence of an underfunded public pension system, where current pensions are paid for by current …
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The main purpose of minimum pension benefit programs and old-age social assistance programs is to guarantee a minimum standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the minimum pension program is a key welfare program and...
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Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the...
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argue that working citizens would benefit by having their pension funds accumulating in individual pension savings accounts … for three reasons. First, citizens would have a clear picture of the accumulation of their own pension savings throughout … member states should not allow individual pension savings accounts. This approach, as an alternative to forcing workers to …
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The mission of the French High Commission for Pension Reform is to prepare the reform introducing a universal pension points system in France. This paper explains why implementing a universal points system in France would increase transparency, reduce inequality and generate efficiency gains for...
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