countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …

politics. We evaluate how political constraints shape the social security system in six countries - France, Germany, Italy … towards future pensions with more private savings. Second, an aging electorate leads to larger systems, since it increases the …

This paper examines how families adjust their private old-age savings in response to a change in individual pension …): 1998, 2003 and 2008. All results indicate that families do not adjust their private old-age savings in response to the … does not crowd-out old-age private savings. Hence, child care pension benefits increase a mother's old-age income without …

We study, both empirically and quantitatively, the role of savings and the labor supply inself-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

This paper examines how families adjust their private old-age savings in response to a change in individual pension …): 1998, 2003 and 2008. All results indicate that families do not adjust their private old-age savings in response to the … does not crowd-out old-age private savings. Hence, child care pension benefits increase a mother's old-age income without …