The main objective of this paper is to estimate labour supply effects of an early retirement programme in Norway. Detailed administrative data are employed in order to characterise full paths towards retirement and account for substitution from other exit routes, such as unemployment and...

This paper quantifies the effect of Poland's 1999 pension reform on the inequality of future pension benefits. The reform increases inequality, both in the upper and lower parts of the distribution. The estimates, based on the 2012 Polish Household Budget Survey, show that the Gini coefficient...

Belarus currently has a relatively generous pay-as-you-go pension system, but population aging coupled with recent problems with economic growth will soon make it unsustainable. We build a rich overlapping generation model of Belarusian economy, which shows that without reform the Pension Fund...

The impact of global aging on fiscal expenditure and possible ways to address this challenge are considered in the article. The authors conclude that if ambitious reforms are not implemented, relative spending on public health and social security may double by mid-XXI century. Pension reform...

If considered within the context of an overlapping-generations framework, pay-as-you-go pension systems turn out to be funded by the human capital embodied in subsequent generations. The failure to actually model public old-age security on this idea may, to a large degree, explain the current...

Vor dem Hintergrund der steigenden Lebenserwartung wurde im Jahr 2007 beschlossen, das Renteneintrittsalter in Deutschland stufenweise von 65 auf 67 Jahre anzuheben. Hauptziel dieser Reform war es, den Beitragssatz und die finanzielle Lage der gesetzlichen Rentenversicherung zu stabilisieren....

Im Bericht werden die Auswirkungen eines zukünftig sinkenden Rentenniveaus auf das Ausmaß der Altersarmut in verschiedenen Szenarien untersucht. Das verfügbare Haushaltseinkommen wird anhand eines Querschnittes von Daten aus dem Jahr 2015 simuliert. Von sonstigen Verhaltensänderungen wird...