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shows, the coverage of funded private pensions, as measured by enrolment rates, is highly uneven across countries and … pension benefits, funded private provision remains voluntary. The low level of funded pensions’ coverage in such countries … financial incentives (and auto enrolment in New Zealand) have been effective in raising coverage to the highest levels among …
Persistent link: https://www.econbiz.de/10011276663
the extent to which private pension provision contributes to the adequacy of pensions are the level of coverage that … benefits paid to retirees. This paper provides the assessment of data sets available to estimate pension coverage …
Persistent link: https://www.econbiz.de/10011276667
Der demografische Wandel wird die umlagefinanzierte gesetzliche Rentenversicherung in den kommenden Jahrzehnten stark belasten. Bisherige Rentenreformen zielten daher darauf ab, durch steuerliche Förderung die zusätzliche kapitalgedeckte Altersvorsorge zu stärken. Diese Möglichkeit wird aber...
Persistent link: https://www.econbiz.de/10012144657
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
In this paper we investigate the governance structure of Italian pensions funds. First, we conduct a brief but critical review of the theoretical and empirical literature, in order to identify the areas where major improvements are necessary: a) the skills and competence of the trustees; b) the...
Persistent link: https://www.econbiz.de/10013136610
The design and governance of pension funds is an important topic of academic research and public policy and has significant implications for the welfare of participants. Here we focus upon the design and governance of defined contribution (DC) pension plans which have become the de facto model...
Persistent link: https://www.econbiz.de/10013139666
Most countries have separate pension plan for public sector employees. The future fiscal burden of these plans can be substantial as the government usually is the largest employer, pension promises in the public sector tend to be relatively generous, and future payments have to be paid out...
Persistent link: https://www.econbiz.de/10013122318
Most countries have separate pension plan for public sector employees. The future fiscal burden of these plans can be substantial as the government usually is the largest employer, pension promises in the public sector tend to be relatively generous, and future payments have to be paid out...
Persistent link: https://www.econbiz.de/10013124771
The objective of this paper is to examine and analyze empirically whether the Central and Eastern Europe countries` reformed pension systems are providing adequate and safe pensions. Starting in 1990s, most Central and Eastern European countries radically reformed their pension systems. The...
Persistent link: https://www.econbiz.de/10013101435