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The automatic adjustment of pension expenditures in Spain : an evaluation of the 2013 pension reform

Sánchez Martín, Alfonso R. - 2014

En este trabajo se utiliza un modelo de generaciones solapadas (OLG) para simular el comportamiento futuro del sistema de pensiones en España. Se compara el sistema en vigor tras la reforma de 2011 con varias alternativas que incluyen diversos diseños institucionales. En concreto, se explora...

Persistent link: https://www.econbiz.de/10012530442

On the Fairness of Early-Retirement Provisions

Breyer, Friedrich; Hupfeld, Stefan - 2010

A crucial parameter for increasing the retirement age is the early-retirement discount of the public pension system. Critics of the present German system argue that the downward adjustment of the pension for early retirees is too small compared with a fair system and thus encourages early...

Persistent link: https://www.econbiz.de/10009471749

The 'crisis' in defined benefit corporate pension liabilities. Part I: scope of the problem

Clark, Gordon L.; Monk, Ashby H. B. - 2006

Once an integral component of company-sponsored compensation schemes in many Western economies, private defined benefit (DB) pensions are in decline. For many, DB schemes (and their related healthcare liabilities, depending on the jurisdiction) have hobbled the financial well being of plan...

Persistent link: https://www.econbiz.de/10009441473

Pension reform, economic growth and financial development - an empirical study

Hu, Y-W - 2005

Pension reform is one of the biggest challenges facing national governments. How toreform the old pay-as-you-go (PAYG) systems is still under hot debate; one of themost influential funded pension schemes is designed by the World Bank. In thesecond chapter of this paper, we first review the...

Persistent link: https://www.econbiz.de/10009465450

Pension Reform in China: Challenges and Answers

Wang, Chuanchao - 2009

China is currently in the process of developing the largest pension system in the world and it is doing this in the context of profound economic reform and demographic transformation. The central government has followed a step-by-step approach to set up a system that is capable of accommodating...

Persistent link: https://www.econbiz.de/10009468277

ESTONIAN STATE OFFICIALS’ POLITICAL GAMES - IN OTHER WORDS WHAT WILL HAPPEN TO THE REFORM OF MANDATORY FUNDED PENSION SCHEME

Karalashvili, Shota - 2020

Persistent link: https://www.econbiz.de/10012244708

Effective retirement age : recent developments

Moraga Fernández, María; Ramos, Roberto

Artículo de revista ; This article analyses recent developments in the average effective retirement age in light of the 2011 reform and the different forms of retirement. The analysis shows, first, that the effective retirement age has tended to increase in recent years as a result of the net...

Persistent link: https://www.econbiz.de/10012525511

From Bismarck to Beveridge : the other pension reform in Spain

Conde Ruiz, José Ignacio; González Martínez, Clara Isabel - 2014

sustainability of the PAYG pension system in most developed countries, including in Spain. Many countries need to introduce reforms … structure of the social security system that cannot be readily perceived by the population. That is why some economists in Spain … Spain ; indeed, it is the fi rst paper to actually quantify and evaluate the potential impact it would have on the country …

Persistent link: https://www.econbiz.de/10012530444

An analysis of the impact of the increase in social security contributions approved in 2023

Anghel, Brindusa; Puente, Sergio; Ramos, Roberto

Rationale The latest pension reform, approved in 2023, included three measures to increase social security contributions, aiming to boost social security revenue. This article analyses the impact and calculates the ex ante effect of the changes approved. Takeaways •The growth in the maximum...

Persistent link: https://www.econbiz.de/10014569532

CHALLENGES AND INFLUENCE OF PENSION REFORM: GEORGIAN CASE

Chitishvili, Nika - 2019

The given article below illustrates changes in Georgian pension system. The article gives information about short historical review of Georgian pension scheme and also economical analyze of the new pension system, possible results and challenges that are related to the successful implementation...

Persistent link: https://www.econbiz.de/10012014624