We reconsider the problem of indexation of public pensions, emphasizing that similar contribution paths should imply …

indexation scheme involves a choice between a low initial benefit with an increasing profile and a high initial benefit with a … indexation affects the trade-off between insurance and distribution when groups with different mortality are separated or pooled …

value of benefits can often be neglected, especially under indexation to prices. At high and accelerating …, proportional indexation of benefits in progress devalues the lowest benefits, paying for above-the-average consumption share of …

This note shows that full price indexation is not optimal in the long-run in the New Keynesian model. Moreover, we show … that more price stickiness may increase steady state welfare, if price indexation is partial. …