Pension benefit guarantee policies have been introduced in several countries to protect private pension plan members from the loss of income that would occur if a plan was underfunded when the sponsoring firm terminates a plan. Most of these public insurance schemes face financial difficulty and...

Die Durchführung des Paradigmenwechsels in der deutschen Alterssicherungspolitik wird gemeinhin der Rot-Grünen Regierungskoalition und den von ihr initiierten Reformen der Jahre 2001 und 2004 zugeschrieben. Bei einer näheren Beschäftigung mit den Entwicklungen in der vorangegangenen...

Pension benefit rules depend on individual history far more than taxes do, and age plays a much larger role in pension determination than in tax determination. Apart from some simulation studies, theoretical studies of optimal tax design typically contain neither a mandatory pension system nor...