This paper studies the role of wage and pension pressures in explaining the budget deficit crisis of 1991–2 after the … ascribed to the excessive wage recovery of late 1990 and 1991. Insiders set wages ignoring the unemployed and exploiting the … later helped overcome the budget crisis. The positive revenue effect of higher wages and higher tax rates could not …

Recent events in several countries have underscored the importance of good governance in private occupational pension … pensions. The residual claimant is the plan sponsor in a defined benefit (DB) plan and the pool of beneficiaries in a defined …

respond to labour tax rates and government supplied non-employment benefits. We compare aggregate and individual outcomes in … terms of how macroeconomic aggregates respond to some types of government supplied non-employment benefits, but remarkably …

payroll tax and a reduction in their pension rights. It is often argued that such a double burden would not be socially …

benefits indexed backwards and hiring costs are likely to harm these workers more than the average worker, the converse is true …

that the fall in the labour force participation of older people and the increased importance of state pension income has …

partial retirement benefits. …This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers …. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 …

state pensions. The analysis suggests that, while the slowdown in European population growth raises some potential problems …