The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation …

establish an adequate and farsighted policy framework in the areas of pensions, health insurance, and labor market policies. …

Austria faces significant population aging. This will increase public spending on pensions, health care, and long … recent pension and labor market reforms. Consequently, to ensure long-term sustainability, pension reform must go further and …

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper … heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …

), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper … shows how the current tax, welfare, and pension systems create disincentives to work among these groups. The paper finds … that incentives to retire early are strong for men, especially low-wage earners. The marginal effective tax rates also make …

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad … and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in … difficulties over dealing with the "legacy costs" associated with the relatively more generous benefits provided under the old …

This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third … pillars of the pension system. …