Nudges toward voluntary defined-contribution retirement savings have moved many non-savers into savings but have left many behind. I argue that it is time to switch from libertarian-paternalistic nudges to fully paternalistic shoves. I draw on evidence from the United States and other countries...

We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The benefit of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...

We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The benefit of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...

The Dutch mandatory pension system consists of two parts: a public pay-as-you-go part that provides a minimum income to all Dutch inhabitants over age 64; and an occupation-specific capital-funded part that provides supplementary retirement income. The goal of this paper is to test for the effect...

The recent financial crisis is challenging the reform approach to mandated pension a scheme that has emerged over recent decades across the world. This reform approach is characterized by a move toward multi-pillar pension systems and includes the creation or extension of a mandatory funded...

Rund die Hälfte der heute Erwerbstätigen ist im Alter akut von Altersarmut bedroht. Das ist die unmittelbare Folge eines politisch gewollten Zerstörungsprozesses, sagen die Bestseller-Autoren Holger Balodis und Dagmar Hühne. In ihrem neuen Buch fordern sie einen radikalen Kurswechsel in der...

Die bisherige Erfahrung mit der Teilprivatisierung der gesetzlichen Rente zeigt, dass die ursprünglichen Versprechen weder hinsichtlich der Leistungsfähigkeit noch der Generationsgerechtigkeit erfüllt werden. Sowohl angesichts der aktuellen Situation als auch aufgrund von theoretischen...