This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...

This paper argues against the policy position that begins with a doomsday scenario of publicly provided health insurance and pension systems threatened with collapse under the stresses imposed by population ageing, and instead contends that the threat of crisis in these systems is policy driven....

This paper examines the role played by social security provisions and hidden unemployment in influencing trends in older male labour force participation in Australia. The paper concludes that labour demand constraints have been the dominant explanatory force behind the decline in older male...

The aim of the present study was to explore whether identifiable member clusters exist in retirement savings decisions by considering the investment choice history of the members of four large Australian retirement savings funds. We used a two-step cluster analysis to examine whether...

Because of the apparent simplicity of defined contribution plans, they have until recently received relatively little analysis by economists. The presumption that defined contribution plans are non-distortionary is stronger for voluntary than mandatory plans because with voluntary plans workers...

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment...

The article deals with the nature and sets out an analysis of the current pension system and the Silver Fund in Bulgaria. It also outlines the prospects for its development in the future. The Silver Fund is a part of the pension system by virtue of its very purpose of guaranteeing the stability...

Los bajos niveles de cotizacion a los sistemas de pensiones en America Latina son un enorme obstaculo que limita la puesta en practica de un sistema de seguridad social generalizado. Las tasas de cotizacion medidas como el indice de cotizantes respecto a la poblacion activa total se mantiene en...

The reform of the pension system of the Mexican Social Security Institute (IMSS) in 1997, limited the growing fiscal cost of the previous pay-as-you-go scheme. Sixteen years on from its creation, the Retirement Savings System (SAR) has had favourable macroeconomic effects for Mexico, as it has...

Comme beaucoup d’autres pays européens, le Portugal a engagé des réformes de son systèmede retraite dans le but de fournir aux futurs retraités un revenu de remplacement suffisant tout enconciliant un juste équilibre entre les différents régimes. L’introduction de compléments...