quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions … (DP) or old-age pensions (OAP), de-pending on eligibility rules and the generosity of the two programs. Our policy …

self" emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

unanimously declines due to the general equilibrium effects of lower aggregate savings, and welfare losses amount to approximately … to finance pensions at the present level beyond the year 2050 …

myopia may justify public pensions but never alongside positive private savings. With sufficient myopia, co-existence of … positive optimal pensions and positive private saving is possible if the real interest rate on saving evolves endogenously, as …

all EU member countries. This paper focuses on the taxation of Dutch pensions and identifies two classes of problems that … challenge the suitability of deferred pension taxation. First, cash flow taxation of pensions erodes the tax equity objectives …' current system of deferred income taxation of pensions with a frontloaded expenditure tax system …