scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the …

that allowing politicians to raise debt ensures that the reform is always implemented when the reform’s ratio of private … when the reform’s ratio of private good to public good gains is below this threshold. We also examine hard and a soft debt …

importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

In this paper we address the question whether in case of population ageing a transition from an unfunded to a more …

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become …

corporations and government as an employer. This paper extends this to unfunded public pensions with the help of "implicit tax" in …

rules, such as a link between life expectancy and pensions or retirement age, the tax regime shift can be used to improve …

This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot … commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces …

How should pensions be taxed? In many cases pension savings are usually taxed more leniently than other forms of … vis pensions. It is argued that the incentive structure related to pension savings and retirement can not be seen … independently from how private pensions (and savings more generally) affect public pensions via meanstesting. The effective rates of …