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The effect of the Covid pension withdrawals and the Universal Guaranteed Pension on the income of the future retirees and its fiscal costs

Madeira, Carlos - In: Latin American journal of central banking : LAJCB 5 (2024) 3, pp. 1-13

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 …

Persistent link: https://www.econbiz.de/10015078270

Notional defined contribution (NDC) pension schemes and income patterns

Nisticò, Sergio; Bevilacqua, Mirko - 2013

During the 1990s, some important European countries, particularly Italy and Sweden, have radically transformed their public pension system by adopting defined-contribution rules while retaining a pay-as-you-go financial architecture. This paper inquires into the theoretical properties of these...

Persistent link: https://www.econbiz.de/10009764835

Effects of population ageing on the pension system in Belarus

Lisenkova, Katerina; Bornukova, Kateryna - In: Baltic journal of economics 17 (2017) 2, pp. 103-118

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...

Persistent link: https://www.econbiz.de/10011890959

Reform of reduced earning capacity pension cuts risk of poverty, but comes late

Becker, Sebastian; Gehlen, Annica; Geyer, Johannes; … - In: DIW weekly report : economy, politics, science : a … 13 (2023) 17/18, pp. 123-129

general decrease in average benefit payments. Reforms in 2014 and 2019 introduced improvements to new pensions but existing … pensions did not benefit. The reform aims to correct this from July 2024. Calculations show that although this reform could … überdurchschnittlich häufig Leistungen der Grundsicherung beziehen. Seit der Rentenreform 2001 sind die durchschnittlichen Leistungen stark …

Persistent link: https://www.econbiz.de/10014294903

Financial projection of the basic pension under selective eligibility criteria

Kim, Dohun - In: KDI-journal of economic policy 47 (2025) 1, pp. 95-134

This study conducts a financial projection of the basic pension in Korea, which provides cash assistance to the bottom 70% of elderly individuals aged 65 and over. The projection is carried out under both expansion and selective eligibility criteria, with particular emphasis on the latter....

Persistent link: https://www.econbiz.de/10015337695

Analyzing defined contribution pension reform in Korea using a general equilibrium model

Shin, Seung-Ryong - In: KDI-journal of economic policy 46 (2024) 4, pp. 1-48

Korea's National Pension Fund (NPF) is projected to be in deficit by the 2040s and exhausted by the 2050s. Increasing contribution rates may be unaffordable, prompting consideration of structural reforms, particularly shifting from a defined benefit (DB) to a defined contribution (DC) system....

Persistent link: https://www.econbiz.de/10015189538

Difficulties in Romania’s public pension system

Miricescu, Emilian-Constantin - In: Budgetary research review : BRR 4 (2012) 1, pp. 65-72

small number of contributors, that determine a huge social insurance budget deficit. The development of private pensions …

Persistent link: https://www.econbiz.de/10010235122

Reforming retirement age in DB and DC pension systems in an aging OLG economy with heterogenous agents

Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - In: IZA journal of labor policy 5 (2016) 8, pp. 1-36

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...

Persistent link: https://www.econbiz.de/10011522240

Redesigning pension systems : the institutional structure of pension systems should follow population developments

Góra, Marek - 2014

For decades, pension systems were based on the rising revenue generated by an expanding population (demographic dividend). As changes in fertility and longevity created new population structures, however, the dividend disappeared, but pension systems failed to adapt. They are kept solvent by...

Persistent link: https://www.econbiz.de/10011417389

Pension system : at the end of the career ladder

Rostiashvili, Giorgi - In: Economic and environmental studies : a journal for … 17 (2017) 1, pp. 57-64

The paper represents author’s research on efficiency on pension systems and effectiveness of state social care policies from the perspective of stability of life at the end of career ladder. It refers to the topic Work – Labor/Value, where former employees’ rights and the impact on...

Persistent link: https://www.econbiz.de/10011689435