In this Paper, we discuss the main characteristics of European mandatory pension systems and the implications for these … intergenerational) in national pension systems to decrease. The latter result should hold true even in the presence of mobility limited …

The paper seeks to explain the huge cross country variation in private pension funding, shaped by historical choice … made when universal pension systems were created after the Great Depression. According to Perotti and von Thadden (2006 … Reversals documented by Rajan and Zingales (2003). Wealth distribution shocks are indeed strongly related to private pension …

the Mexican social security agency and workers' responses to a household labor-force survey -- to investigate the extent … based on the 1997 Mexican pension reform, which effectively tied pension benefits more closely to reported wages for younger …

We estimate the portfolio effect of changes in social security wealth exploiting a decade of Italian pension reforms as … a source of exogenous variation. The Italian Survey of Household Income and Wealth records detailed portfolio data and … responded to the cut in pension benefits mostly by increasing real estate wealth, and that the response is stronger among …

this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more … per-capita magnitudes is positive and quantitatively significant. Second, we find that the pension system matters both for … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that … individuals who are more informed about the costs and functioning of the Italian pension system are more willing to accept reforms … effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally …