Most countries reduce Disability Insurance (DI) benefits for beneficiaries earning above a specified threshold. Such an earnings threshold generates a discontinuous increase in tax liability – a notch – and creates an incentive to keep earnings below the threshold. Exploiting such a notch in...

A much higher old-age dependency ratio together with more generous pension benefits will lead to a substantial increase in the future pension burden in Norway. The challenges of financing the increasing pension expenditures depend on the development in demographic characteristics like fertility,...

Während die Mütterrente und die Rente mit 63 kontrovers diskutiert werden, gilt dies nicht für die im Rentenpaket der Bundesregierung ebenfalls vorgesehenen Änderungen an der Erwerbsminderungsrente. Die geplanten Änderungen verbessern zwar die Situation von zukünftigen...

We study the welfare effects of disability insurance (DI) and derive social-optimality conditions for the two main DI policy parameters: (i) DI eligibility rules and (ii) DI benefits. Causal evidence from two DI reforms in Austria generate fiscal multipliers (total over mechanical cost...

Disability benefits are costly and tend to reduce labor supply. While costs can be reduced by careful targeting, correcting past eligibility rules or assessment procedures may entail welfare costs. We study a major reform in Hungary that reassessed the health and working capacity of a large...

In diesem Beitrag werden ausgewählte grundsätzliche Probleme und Möglichkeiten, unter besonderer Berücksichtigung von Kapitaldeckung, der Alterssicherung in Deutschland und der europäischen Union diskutiert. Konkret eingegangen wird auf die Themen Beitragssatz, Rentenniveau, Altersarmut,...

This article explores how German pension and retirement policy could be made more sustainable, focusing on selected current options for action rather than attempting to provide a comprehensive overview. Before turning to specific problems and perspectives, the article first discusses key...

This article explores how German pension and retirement policy could be made more sustainable, focusing on selected current options for action rather than attempting to provide a comprehensive overview. Before turning to specific problems and perspectives, the article first discusses key...

Während die Mütterrente und die Rente mit 63 kontrovers diskutiert werden, gilt dies nicht für die im Rentenpaket der Bundesregierung ebenfalls vorgesehenen Änderungen an der Erwerbsminderungsrente. Die geplanten Änderungen verbessern zwar die Situation von zukünftigen...

Selecting the best age to begin social security benefits is an important election for lower-income individuals. These individuals are especially vulnerable to the timing and magnitude of critical cash flow. Unfortunately, the decision models and measures being used by individuals to analyze...