This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 reform, individuals with 45 contribution years could...

Recent macroeconomic and demographic trends have resulted in new challenges for pension systems. One of these challenges is to create a sustainable pension system while simultaneously providing adequate pension benefits for current and future pensioners. This research explores how similar are...

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 concentrates on the New Member States of the European...