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This paper is about public sector pensions, an issue that has become increasingly contentious in a number of countries in recent years, including in the United Kingdom. In the UK the public debate has focussed on the perceived generosity of these pensions, which, it is often claimed, contrasts...
Persistent link: https://www.econbiz.de/10013144535
Chile implemented large pension withdrawals during the pandemic relative to other countries. Afterwards, Chile increased non-contributory benefits in a quasi-universal scheme. Simulating the future pensions, I show that the average loss in contributory pension income is 27.9%, with losses of...
Persistent link: https://www.econbiz.de/10015078270
The COVID-19 pandemic has exacted an extraordinarily high human toll throughout the country, imposing an almost unfathomable strain on its healthcare infrastructure and vast losses in terms of economic growth and employment. The failures of the federal government in its response to the pandemic...
Persistent link: https://www.econbiz.de/10012832627
Three months into the COVID-19 outbreak caused by a novel strain of coronavirus (SARS-CoV-2), the world is still in …
Persistent link: https://www.econbiz.de/10012837598
In the midst of a pandemic, the most pressing issues are those of containment and mitigation—both in terms of the virus itself and the economic costs. However, it is also in the midst of a pandemic that one can learn important lessons about preparedness for possible future pandemics.The...
Persistent link: https://www.econbiz.de/10012837516
Persistent link: https://www.econbiz.de/10009412447
German Abstract Die Corona-Pandemie 2020 wird ähnlich wie die Finanzkrise 2008 auch deutliche Spuren in der gesetzlichen Rentenversicherung hinterlassen. Diese treten aufgrund der Rentenanpassungsformel mit 1 bis 2 Jahren Verzögerung ein und sind stark asymmetrisch zugunsten der...
Persistent link: https://www.econbiz.de/10014098814
The coronavirus disease (COVID-19) has caused one of the most serious social and economic losses to countries around …
Persistent link: https://www.econbiz.de/10014031846
assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of … the shock. Next we examine insurance and financial market products that may render retirement systems more resilient for …
Persistent link: https://www.econbiz.de/10012832396
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471