Narrow search
Showing 1 - 10 of 1,305
Cover Image
Funded and unfunded pension schemes : risk, return and welfare
Miles, David - 2000
funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different … of return and income risks and also upon the actuarial fairness of annuity contracts. …
Persistent link: https://www.econbiz.de/10009781509
Cover Image
The crisis of Germany's pension insurance system and how it can be resolved
Sinn, Hans-Werner - 1999
crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10009781686
Cover Image
Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012154725
Cover Image
Intergenerational risk-sharing through funded pensions and public debt
Chen, Damiaan H. J.; Beetsma, Roel; Ponds, Eduard; … - 2014
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …
Persistent link: https://www.econbiz.de/10010238325
Cover Image
Lessons of the financial crisis for the design of national pension systems
Burtless, Gary - 2009
The recent financial crisis and historical record suggest important lessons about the design of national pension systems. First, wide fluctuation in asset returns makes it hard for well-informed savers to select a saving rate or a sensible investment strategy for DC pensions. Workers who follow...
Persistent link: https://www.econbiz.de/10003872221
Cover Image
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 have recently made or are considering reforms that would reduce the generosity of the traditional, pay-as-you-go pension system. Some or all of the lost benefits would be...
Persistent link: https://www.econbiz.de/10011399275
Cover Image
A case for partial funding of pensions with an application to the EU Candidate Countries
Oksanen, Heikki - 2001
The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
Persistent link: https://www.econbiz.de/10011398438
Cover Image
The politics of pension reform under ageing
Leers, Theo; Meijdam, Lex; Verbon, Harrie - 2001
In this paper we address the question whether in case of population ageing a transition from an unfunded to a more funded pension scheme is politically feasible in a representative democracy. We consider two parties: a right-wing party which is willing to trade off intragenerational equity...
Persistent link: https://www.econbiz.de/10011399334
Cover Image
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
Cover Image
How sustainable are old-age pensions in a shrinking population with endogenous labour supply?
Cardoso, Pedro; Praag, Bernard M. S. van - 2003
the size and the composition of the pension income. We also look at the consequences of increasing preference for leisure …
Persistent link: https://www.econbiz.de/10011514183