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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...
Persistent link: https://www.econbiz.de/10014023471
Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of …
Persistent link: https://www.econbiz.de/10010402537
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We review the evidence on decision making in complex choice situations—i.e., situations where there are many alternatives and/or where attributes of alternatives are difficult to understand. We focus on choices about health insurance, health care, and retirement planning, all of which are very...
Persistent link: https://www.econbiz.de/10014023472
-related questions is stronger in the presence of an underfunded public pension system, where current pensions are paid for by current …
Persistent link: https://www.econbiz.de/10014023481
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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...
Persistent link: https://www.econbiz.de/10011420305
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of unfunded state pensions differs. We estimate how the optimal level of unfunded state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …
Persistent link: https://www.econbiz.de/10005792047
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions … importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of return and …
Persistent link: https://www.econbiz.de/10005067559