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The Brazilian Pension System: Recent Reforms and Challenges Ahead

Bonturi, Marcos - Economics Department, Organisation de Coopération et … - 2002

Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are … generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining … for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades …

Persistent link: https://www.econbiz.de/10005045960

Endogenous retirement behavior of heterogeneous households under pension reforms

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...

Persistent link: https://www.econbiz.de/10011891939

Chapter 13. Social Security and Public Insurance

Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...

Persistent link: https://www.econbiz.de/10014023471

The impact of social security on pension claiming and retirement: active vs. passive decisions

Lalive, Rafael; Magesan, Arvind; Staubli, Stefan - 2020

We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...

Persistent link: https://www.econbiz.de/10012256958

Pension reform in Belarus in the shadow of social Europe : vulnerability issues of people aged 50+ and points for improvement

Naūrodski, Sierž - 2016

The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...

Persistent link: https://www.econbiz.de/10011690961

The impact of social security eligibility and pension wealth on retirement

Sæverud, Johan - 2024

I investigate a Danish policy reform that postpones social security eligibility tied to an increase in life expectancy. The reform creates sharp discontinuities based on exact birth dates, allowing for the identification of causal effects. Using both administrative and survey data, I document a...

Persistent link: https://www.econbiz.de/10014486681

Communicating social security reform

Caplin, Andrew; Lee, Eungik; Leth-Petersen, Søren; … - 2022

Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...

Persistent link: https://www.econbiz.de/10013375249

Pensions and fertility : back to the roots ; the introduction of Bismarck's pension scheme and the European fertility decline

Fenge, Robert; Scheubel, Beatrice - 2013

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...

Persistent link: https://www.econbiz.de/10009792218

Difficulties in Romania’s public pension system

Miricescu, Emilian-Constantin - In: Budgetary research review : BRR 4 (2012) 1, pp. 65-72

Most European Union countries are facing with major problems regarding their public pension systems. Romania has large difficulties in its public pension system, of which we consider the most important is the large number of beneficiaries and the small number of contributors, that determine a...

Persistent link: https://www.econbiz.de/10010235122

Social Security on Auto-Pilot : International Experience with Automatic Stabilizer Mechanisms

Bosworth, Barry - 2011

As the baby boom generation enters retirement, a long-forecast funding crisis of the Social Security system is about to become a reality. Many other high-income countries are faced with similar financial problems with their public pension systems. Some of those countries have adopted legislative...

Persistent link: https://www.econbiz.de/10013117635

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