This study analyses how pension policy reforms that aim at lengthening working careers impact working careers, income distribution, and fiscal sustainability of both the earnings-related pension system and overall public finances. The research focuses on the economic outcomes of increasing the...

Public health and long-term care services are predominantly used by old people and financed by taxes paid by working-age people. Fluctuating sizes of generations create variations in tax rates, similar to what occurs in pension contribution rates. Pre-funding is a commonly suggested cure for...