Preparations are underway to revise national accounting to implement actuarial recording of pension liabilities for corporations and government as an employer. This paper extends this to unfunded public pensions with the help of ?implicit tax? in pension contributions. The clearest advantages of...

We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that...

This paper assesses the impact of a dramatic reform of the Dutch pension system on mental health, savings behavior and retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or later face a substantial reduction in their...

Gegenstand der vorliegenden Untersuchung ist eine Quantifizierung der Pensionsausgaben für die jeweiligen Länderhaushalte im Zeitablauf. Zwar wurden die Pensionsverpflichtungen in den Versorgungsberichten vereinzelter Länderfinanzministerien bereits beschrieben, allerdings liegen damit keine...

Im vorliegenden Papier werden die Ruhegehaltsausgaben am Beispiel des Landes Baden-Württemberg bis zum Jahr 2050 projiziert. Wir zeigen, dass sich im günstigsten Fall die Ruhegehaltsausgaben von heute 2,38 Mrd. Euro auf 4,68 Mrd. Euro im Jahr 2030 bzw. 6,12 Mrd. Euro im Jahr 2050 erhöhen...

It is well known that in the UK defined benefit pensions are more prevalent in the public sector than in the private sector. Furthermore, we find that the average value of accrual to members of both defined benefit pensions and defined contribution pensions is lower in the private sector than in...

Variation in non-pension wealth accumulation with the level of expected pensions is investigated with a register based, linked employer-employee dataset. This includes wealth components, earnings history and demographic information, supplemented with detailed calculations of public and...

We document the importance of negatively reciprocal inclinations in labor relationships by showing that a retrenchment of pension rights, which is perceived as unfair, causes a larger reduction in job motivation the stronger workers' negatively reciprocal inclinations are. We exploit unique...