The standard poverty lines applied in empirical research tend to be problematic in terms of validity, reliability, ease of application or socio-political credibility. This paper introduces an international version of an alternative method, which originally has been developed for the Netherlands....

Pay-as-you-go pension programs can help to share risk amongst generations.While a wage-indexed pension program is best suited to share labor income risk,I show that the combination of stochastic labor income and stochastic populationgrowth may reduce the possibilities for intergenerational risk...