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One pillar crumbling, the others too short : old-age provision in Germany
Werding, Martin - 2016
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked … recovery from the Great Recession. It has disadvantages, as Germany will be ageing very rapidly in the near future. Following a …
Persistent link: https://www.econbiz.de/10011429583
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The 2008 Chilean reform to first-pillar pensions
Valdés Prieto, Salvador - 2009
Chile approved in early 2008 the replacement of her two current non-contributory subsidies for the old poor for a unified program with a pioneering design, with phase-in ending in 2012. This paper describes the political economy of this reform and evaluates it with regards to efficiency and...
Persistent link: https://www.econbiz.de/10003806091
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The politics of aging and retirement : evidence from Swiss referenda
Bello, Piera; Galasso, Vincenzo - 2018
Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...
Persistent link: https://www.econbiz.de/10011882293
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The timing of retirement : new evidence from Swiss female workers
Hänel, Barbara; Riphahn, Regina T. - 2012
We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform … identify causal effects. We find strong and robust behavioral effects of changes in financial retirement incentives. A … low education respond most strongly to an increase in the price of leisure. -- retirement insurance ; incentives ; social …
Persistent link: https://www.econbiz.de/10009535096
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When will the Germans get trapped in their pension system?
Sinn, Hans-Werner; Übelmesser, Silke - 2001
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms …. After 2023, Germany will be characterizedby a gerontocratic system where the old decide over the young. Only the fearthat …
Persistent link: https://www.econbiz.de/10011400295
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How to avoid a pension crisis : a question of intelligent system design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003820014
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Don't raise the retirement age! : an experiment on opposition to pension reforms and East-West differences in Germany
Scheubel, Beatrice; Schunk, Daniel; Winter, Joachim - 2009
; public opinion poll ; PAYG pension system ; East Germany …
Persistent link: https://www.econbiz.de/10003872791
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Should pensions be progressive? : yes, at least in Germany!
Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011
individuals. An increase in old-age poverty and disability will be the result. Under this prospect, the present paper … Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …
Persistent link: https://www.econbiz.de/10009375717
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The rationale for fundamental pension reform in Germany and the United States : an assessment
Burtless, Gary - 2001
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries …
Persistent link: https://www.econbiz.de/10011399275
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Reforms of an early retirement pathway in Germany and their labor market effects
Riphahn, Regina T.; Schrader, Rebecca - 2021
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement …
Persistent link: https://www.econbiz.de/10012697080