Until recently, most policy debates on pensions — especially in Europe — focused on public responsibilities and the difficulties that many publicly funded schemes have in meeting their obligations. However, recent events, not least declines in stock markets, have increased the salience of...

Die Einbeziehung der Beamten in die Gesetzliche Krankenversicherung ist ein fundamentaler Bestandteil der Bürgerversicherung. Aber auch davon unabhängig wird eine solche Ausweitung des Versichertenkreises oft als ein Mittel zur Verbesserung der finanziellen Situation der GKV vorgeschlagen....

This paper studies attitudes about who should provide for the livelihood of the elderly in two aging societies, namely Germany and Japan. Applying an ordered logit model to individual data from representative public opinion surveys, it is analysed which socio-demographic, economic or political...

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

This study analyzes the sustainability implications of demographic and investment risks in the Finnish private sector pension system (TyEL). The results show that current contribution rate is likely to be too low to finance the future higher expenditure. The main sustainability problem is not,...

Deutschland altert schneller als fast alle Länder dieser Welt und hat weniger Neugeborene in Relation zu seiner Bevölkerung als jedes andere entwickelte Land dieser Erde. Diese Entwicklung hat fatale Folgen für die Funktionsfähigkeit der staatlichen Sozialsysteme, insbesondere für die...