Several policy issues arise in this context. If households are unable or unwilling to move inold age, their consumption behaviour may be constrained by asset illiquidity...

Demographic crisis and imprudent commitments have induced a crisis in publicpension programmes in OECD countries. Will present and prospective cutbacks leadto greater private saving, either in the form of private pension provision or in otherforms of saving? The paper surveys existing evidence,...

Public pension programmes in many OECD countries are in difficulties. With anageing population, and declining participation of working age men in paid work,existing pension arrangements are far too costly in many countries, both now and inthe future. This paper examines the evidence as to...

The paper examines the trend in public sector – private sector wagedifferentials in the 1980s and 1990s, using a variety of econometricmethods...br>