We study whether a better knowledge of the functioning of pay-as-you-go pension systems and recent demographic trends in the hosting country affects natives' attitudes towards immigration. In two online experiments in Italy and Spain, we randomly treated participants with a video explaining how,...

In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....

This book focuses on experiences with and lessons learned from the sweeping reforms to the pension systems of Latin America and the Caribbean during the 1990s and early 2000s, which shifted the burden of old-age security from the public to the private sector. The book's main objective is to...

This book focuses on experiences with and lessons learned from the sweeping reforms to the pension systems of Latin America and the Caribbean during the 1990s and early 2000s, which shifted the burden of old-age security from the public to the private sector. The book's main objective is to...