This study analyses the adjustment of the Finnish earnings-related pension system to very low economic growth. The results show that a permanently lower growth rate of the wage bill would raise only moderately the pension contribution rates in the long term. This is because also the benefits are...

The essays in this collection approach taxation as a group of policy instruments, and study how their use is connected to and affected by wage formation in the economy. In the first essay taxation acts as an automatic stabiliser in the face of different shocks. The study combines two theoretical...

Can longer working lives bring sufficient tax revenues to pay for the growing public health and care expenditure that longer lifetimes cause? We review studies concerning retirement decisions and pension policies, the role of mortality in health and long-term care costs, and errors in mortality...

This study investigates the impact that pension policy measures aiming to extend working lives have on working lives, retirement ages and income distribution, as well as on the fiscal sustainability of the earnings-related pension system and public finances. Our research report is divided into...