retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement … old generation and that ageing makes a transfer via pay-as-you-go pension relatively more attractive. In optimum, the …

many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However …, behavioral responses to longevity and policy complicate analysis of possible reforms. Here we consider how some pension reforms … effects of pension systems on labor supply. …

The majority of economies in the European Union are experiencing problems with the sustainability of pension systems … that are primarily caused by unfavorable demographic trends and inadequate structure of the pension systems. This research … restructuring of pension systems, which included adaptations in the transition to a market economy and the establishment of a multi …