A much higher old-age dependency ratio, together with more generous pension benefits, will lead to a substantial … increase in the future public pension expenditures burden in Norway. A pension reform implemented from 2010 will imply a shift … strengthen ties between former earnings and pension benefits. Labour supply will be stimulated by lowering implicit tax rates and …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find … replacement rate vis- a-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …

Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement … strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …

relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent … Blanchard proposal to implement a higher inflation target in the light of parameter uncertainty. Furthermore, it provides …

issues assigned to the following topics: ageing with dignity; retirement age; assumptions and conditions resulting from … foundations and potential changes in pension systems. The research results presented in this volume have a common denominator …

paper evaluates a sequence of inflation forecasts in the Norges Bank Inflation Report, and we present automatized forecasts … for the official forecasts. On the basis of the evidence, the recent inflation forecast failure appears to have been …

This paper analyses the distributional effects of the Polish old-age pension reform introduced in 1999. Following a … benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for … males born in years 1969-1979. We find that inequality of predicted first pension benefits measured by the Gini coefficient …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …