Why are Bismarckian social security systems associated with larger public pension expenditures, a smaller fraction of private pension and lower income in-equality than Beveridgean systems? These facts are puzzling for political economy theories of social security which predict that Beveridgean...

The study aims at empirical verification of the quality of pension system clustering based on two dimensions: the extent of involvement of the state in the pension system and the level of voluntariness. To answer the question of whether these two dimensions actually determine the division into...

Die Debatte um die Rentenpolitik ist ein zentraler Bestandteil des politischen Diskurses in Deutschland und kommt nicht zur Ruhe. Eine Abschätzung der Auswirkungen der in diesem Rahmen vorgeschlagenen Reformen auf die zukünftige Einnahmen- und Ausgabenstruktur der Rentenversicherung kann...

The demographic transition is a phenomenon affecting many industrialized societies. These economies are experiencing a decline in mortality alongside low fertility rates - a situation that puts social security systems under severe pressure. To implement appropriate reform measures, adequate...

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...

We examine forecast accuracy and efficiency of the Social Security Administration's projections for cost rate, trust fund balance, trust fund ratio made during 1980-2020 with horizons up to 95 years. We find that the reported deterioration in the accuracy of the forecasts during 2010’s has...

We examine forecast accuracy and efficiency of the Social Security Administration’s projections for cost rate, trust fund balance, trust fund ratio made during 1980-2020 with horizons up to 95 years. We find that the reported deterioration in the accuracy of the forecasts during 2010’s has...

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...

Die Debatte um die Rentenpolitik ist ein zentraler Bestandteil des politischen Diskurses in Deutschland und kommt nicht zur Ruhe. Eine Abschätzung der Auswirkungen der in diesem Rahmen vorgeschlagenen Reformen auf die zukünftige Einnahmen- und Ausgabenstruktur der Rentenversicherung kann...