generations and the sustainability of public finances. Rising old-age dependency ratios will put the financing of adequate … pensions, health and long-term care under high pressure. The paper provides recommendations on policy responses to address … pensions, incentivising private savings, enhancing the efficiency of health care provision, expanding the coverage of social …

threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the …

threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the …

, unemployment insurance and pensions, as well as investment in education, are seen as key ways to reduce household demand for …

the potential benefits of mixed systems in which a PAYG system with notional accounts is complemented by a funded pensions … not clearly depend on the relative importance of PAYG over funded pensions systems, suggesting that other factors are even …

contribution rate by raising the retirement age and cutting pensions. These kind of specific reforms are not, however, optimal due …