Many countries in the developing world have implemented old-age pensions. Evidence of the impact of such policies on the elderly in sub-Saharan Africa, however, is scarce. We provide evidence from a randomized evaluation of an unconditional old-age pension targeted at the elderly in Ekiti State,...

Der zu Beginn des Jahrtausends begonnene Paradigmenwechsel in der gesetzlichen Rentenversicherung steht erneut an einem Scheidepunkt. Sinkende Zahlbeträge aus der gesetzlichen Rentenversicherung und eine hinter den Erwartungen zurückbleibende private Vorsorge delegitimieren das "Drei-...

This article examines recent pension reforms in OECD countries. All countries are facing the challenge of designing both financially and socially sustainable pension policies in a context of weak economic growth, low financial returns and ageing populations. In some cases, countries have been...

In a slow process marked by authoritarian moments, regressive effects, bureaucratic insulation, centralized arrangements and cronyism, since the 1930s Brazil has been building its Welfare State. In the wake of struggles and political clashes for ensuring rights and reviving democracy, the...

Seit Jahren wird jedes neugeborene Kind im Durchschnitt drei Monate älter als ein Neugeborenes des Vorjahres. Dieser Lebenserwartungsgewinn von sechs Stunden am Tag schlägt sich - bei konstantem Renteneintrittsalter - in steigenden Rentenlaufzeiten nieder. Die "Rente mit 67" versucht, einen...

In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and...

Financing consumption of the elderly in the face of the projected increase in life expectancy is a key challenge for economic policy. Moreover, standard structural models with fully rational agents suggest that about 50-60 percent of old-age consumption is financed with voluntary savings, even...

In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By using data on variation in paydays across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...