Alterung und Globalisierung erzwingen eine grundlegende Anpassung des Wohlfahrtsstaates. Eine Feinsteuerung der traditionellen Umlagesysteme kann den Negativkreislauf aus steigender Steuer- und Beitragsbelastung, Entmutigung der Arbeitsanreize und Erwerbsbeteiligung, und der Verlagerung der...

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions: strengthening the tax benefit link, moving from wage to price...

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime-age workers in the presence of a tax benefit link,...

This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i) improving actuarial fairness in pension assessment not only boosts old age participation but also reduces unemployment among prime age workers and raises welfare; (ii)...