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Old-age provision in transition : the case of Croatia

Werding, Martin; Primorac, Marko - 2016

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

Persistent link: https://www.econbiz.de/10011429587

Pension systems (un)sustainability and fiscal constraints : a comparative analysis

Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2023

Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...

Persistent link: https://www.econbiz.de/10014292762

Construction and impact of a buffer fund within the French PAYG pension scheme in a demo-economic model

Hamayon, Stéphane; Legros, Florence - 2001

This paper provides some results from a model built in order to study the linked impacts of demography and economy on theFrench pension scheme. The demo-economic model which is used is a neo-cambridgian model with two types of agents in aclosed economy. Since it includes a very thin description...

Persistent link: https://www.econbiz.de/10011399575

Ageing and the tax implied in public pension schemes : simulations for selected OECD countries

Fenge, Robert; Werding, Martin - 2003

, this will be illustrated for the cases of France, Germany, Italy, Japan, Sweden, the UK, and the US. The results are based …

Persistent link: https://www.econbiz.de/10011514127

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

Differentiating indexation in Dutch pension funds

Beetsma, Roel; Bucciol, Alessandro - 2010

We investigate numerically how indexation of funded pensions for inflation can be differentiated across the various … benefitting from a shift away from uniform indexation. Those welfare shifts result from systematic redistribution of welfare … rather than shifts in the benefit of risk sharing provided by the system. -- indexation ; funded pensions ; welfare effects …

Persistent link: https://www.econbiz.de/10008808238

Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline

Fenge, Robert; Scheubel, Beatrice - 2013

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...

Persistent link: https://www.econbiz.de/10009792218

Social security reform and intergenerational trade : is there scope for a Pareto-improvement?

Köthenbürger, Marko; Poutvaara, Panu - 2002

In earlier literature, the suggested Pareto improvements in pay-as-you-go (PAYG) systems have relied on the presence of externalities or the possibility of intragenerational redistribution. We show that neither assumption is necessary in an economy with intergenerational trade in a fixed factor...

Persistent link: https://www.econbiz.de/10011539002

Personal security accounts and mandatory annuitization in a dynastic framework

Fuster, Luisa (contributor); … - 2005

The aging of the populations in the OECD countries has prompted various calls for reforming the existing pay-as-you-go (PAYG) pension systems. Currently, there is renewed discussion in the United States about partial privatization where a fraction of the social security payroll tax would be...

Persistent link: https://www.econbiz.de/10002578166

The crisis of Germany's pension insurance system and how it can be resolved

Sinn, Hans-Werner - 1999

The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...

Persistent link: https://www.econbiz.de/10009781686

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