Recently several countries, including Estonia, Latvia, Lithuania, Hungary, Poland, Romania and Slovakia, have at least partially reversed their earlier moves towards compulsory defined-contribution schemes. This paper concentrates on Poland, which just reduced contributions going to the...

Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...

This paper analyses the distributional effects of the Polish old-age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969-1979. We find that inequality...

The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...

Erreichen gesetzlich Rentenversicherte 35 oder 45 Jahre an anrechenbaren Zeiten, dürfen diese Personen ab einem Alter von 63 Jahren oder maximal zwei Jahre vor ihrer individuellen Regelaltersgrenze vorzeitig, das heißt früher als zu ihrer individuellen Regelaltersgrenze, ihre Altersrente...

If the responses of wages - both private and public - and of pensions to an increase in inflation lead to second-round effects, this can make an inflationary shock more persistent, especially in the presence of automatic wage and pension indexation. This occasional paper presents an overview of...

This report employs individual-level register data to study the coverage and amounts of voluntary term life insurances, the monetary losses following from the death of a breadwinner, and the life insurance gap arising as the difference of the two. The data include information on the life...

Mit der wachsenden Anzahl hybrider Selbstständiger verbindet sich aus sozialpolitischer Sicht die Sorge, dass sich bei ihnen Lücken in der Altersvorsorge auftun könnten. Allerdings sind hybride Erwerbsepisoden zumeist von kurzer Dauer, wenngleich sie häufig mehrfach im Erwerbsverlauf...

In this paper, we assess the demographic and economic consequences of migrations in Europe and neighbourhood countries. In order to do so, we rely on a multi-region world overlapping generations model (INGENUE2). The rich modeling framework of this multi-regions model allows us to put into...