A new born child has on average a three months longer life expectancy than a newborn of the previous year. Consequences of these gains in life expectancy are-in the case of a constant statutory retirement age-increasing pay-out-periods in the PAYGS. The retirement age of 67 tries to cover the...

In allen OECD-Ländern sind die Geburtenraten in den letzten vierzig Jahren erheblich gesunken. Trotz dieses gemeinsamen Trends kann aber sowohl in der zeitlichen Entwicklung als auch im aktuellen Stand des Geburtenverhaltens eine erhebliche Heterogenität beobachtet werden. Deutschland, Spanien...

Insurance institutions which are operated by public sector have two characters; one is as redistribution institution, and the other is as financial institution which manage large amount of funds. The fact that public insurance institutions (PuII) invest large amount of funds means that the...

"Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent...

"In recent years the availability of new industry-level data allowed to evaluate the impact of labour market policies more consistently than previous standard cross-country studies. In this paper an industry-level panel is exploited to evaluate the impact of Employment Protection Legislation...