We analyze the effects of a permanent increase in life expectancy and of a permanent decline in the rate of population growth on intergenerational redistribution in a pay-as-you-go pension system with a constant contribution or constant replacement rate. We show that under these policies both...

Die Lebenserwartung der Bevölkerung in den Industrienationen steigt immer weiter an. Die Rentensysteme werden dadurch immer stärker belastet. In diesem Bericht werden Vorschläge zur Veränderung der Rentensysteme gemacht und über eine Änderung des Renteneintrittsalter diskutiert. Es wird...

As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between retirement age and benefit level. The present paper is...

As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between retirement age and benefit level. The present paper is...