The paper seeks to explain the huge cross country variation in private pension funding,shaped by historical choice made … when universal pension systems were created after theGreat Depression. According to Perotti and von Thadden (2006), large … reduces the stock of private retirement assets by 58% of GDP.While the sample size is limited, the results are robust to other …

This paper reviews and makes comparative assessment of models of pensions systems. Pension plans and systems, and the … contemporary trends in their development are briefly introduced. Models of pension systems by three leading international … organizations are reviewed, compared and commentated. The paper then puts forward recommendations in pension system design and …

entitlements, the pension age must be automatically updated to keep the period in retirement constant. Alternatively, policy …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 …

This paper studies how both pension systems and well-being at work can be improved to postpone retirement in European … households. Option values for retirement are constructed from a pool of four countries: Finland, Belgium, Germany and Spain, all … institutional setting to examine the incentives of introducing a new pension system. Pension reforms have to implement higher …