Faced with the need to adjust public pension systems to meet changing demographic, economic and social conditions, most developed countries have created government reserve funds to ensure macroeconomic sustainability. This paper aims to study the importance that this reserve fund plays in the...

Social security programs generally seek to provide insurance and to reduce poverty and inequality. Providing insurance requires little redistribution. But reducing inequality and alleviating poverty do require redistribution. To reduce inequality, programs must redistribute income, but...

Most European Union countries are facing with major problems regarding their public pension systems. Romania has large difficulties in its public pension system, of which we consider the most important is the large number of beneficiaries and the small number of contributors, that determine a...

The demographic change is posing many challenges for government budgets. In the face of a shrinking work force, keeping the number of workers and thus pension contributors at the highest possible level is a key economic policy goal. This could be achieved if people retire from the work force...

In an overlapping generations economy with incomplete insurance markets, the introduction of an employment fund-akin to the one introduced in Austria in 2003, also known as 'Austrian backpack'-can enhance production efficiency and social welfare. It complements the two classical systems of...

Während die deutsche Bevölkerung zentrale Kenngrößen des deutschen Rentensystems vergleichsweise treffsicher bewerten kann, wird das Ausmaß des bevorstehenden demografischen Wandels unterschätzt. Dabei wird die Lebenserwartung von Männern und Frauen im Alter von 65 Jahren um jeweils fünf...

Die deutsche Rentenversicherung steht durch den demografischen Wandel unter enormem Reformdruck. Trotz großer Besorgtheit findet keine Reform der im Versicherungssystem angelegten Stellschrauben eine Mehrheit in der deutschen Bevölkerung. In einem Vignettenexperiment im Rahmen der...

Pensions for reduced earnings capacity (REC) have yearly made up about 20% of all pensions granted by the German Pension Insurance in the past 25 years. The dataset described in this article is a time series of cross-sectional observations for the retirement cohorts 2001-2020. It enables...