Showing 1 - 10 of 1,595
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...
Persistent link: https://www.econbiz.de/10011429587
We use an overlapping generations model to study the challenge in developing countries with a large informal sector and aging population. We use Thailand as a case study and incorporate its labor market structure and its public pension system into the calibrated model. Unlike developed...
Persistent link: https://www.econbiz.de/10014513260
Die Bundestagswahl 2017 wirft ihre Schatten voraus. Das kommt auch in den unterschiedlichen Argumenten zur gesetzlichen Rentenversicherung zum Ausdruck, die die Vertreter der verschiedenen Parteien und Interessengruppen derzeit in den Medien vortragen. Jochen Pimpertz hat drei aktuelle Fragen...
Persistent link: https://www.econbiz.de/10011624115
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems...
Persistent link: https://www.econbiz.de/10009581355
From 1981 to 2014, thirty countries privatized fully or partially their public mandatory pensions; as of 2018, eighteen countries have reversed the privatization. This report: (i) analyses the failure of mandatory private pensions to improve old-age income security and their underperformance in...
Persistent link: https://www.econbiz.de/10012908707
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...
Persistent link: https://www.econbiz.de/10003871957
This article examines recent pension reforms in OECD countries. All countries are facing the challenge of designing both financially and socially sustainable pension policies in a context of weak economic growth, low financial returns and ageing populations. In some cases, countries have been...
Persistent link: https://www.econbiz.de/10010520328
The gains in life expectancy are expected to double the dependency ratio and increase population by 10% in Switzerland until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model with five margins of labor supply: labor market...
Persistent link: https://www.econbiz.de/10011416024
Variations among the diverse pension systems in the member states of the European Union (EU) hamper labor market mobility across national borders and also among firms within the countries of the EU. From a macroeconomic perspective, and in the light of demographic pressure, this paper argues...
Persistent link: https://www.econbiz.de/10009767598