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The majority of economies in the European Union are experiencing problems with the sustainability of pension systems … to give an external view of the sustainability of pension systems in the analyzed economies from an international … perspective, using different sustainability indicators. Not all of the examined pension systems are subject to the same challenges …
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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...
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Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems "raison...
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the financial sustainability of the system and one policy which has been proposed is to increase the retirement age. There …
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