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Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016

There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The … design of public pensions cannot be separated from the one of taxation. Regarding private pensions, the key issue is whether …

Persistent link: https://www.econbiz.de/10011482705

A long-term evaluation of recent Hungarian pension reforms

Freudenberg, Christoph; Berki, Tamás; Reiff, Ádám - 2016

This paper studies the effect of Hungarian pension reforms between 2009-2012 on the adequacy and long-term fiscal stability of the Hungarian public pension system. For the adequacy analysis, we use a micro simulation model to project future initial pension levels relative to future gross wages....

Persistent link: https://www.econbiz.de/10011515910

Pension programs around the world : determinants of social pension

Rudolph, Alexandra - 2016

Old-age poverty is to become one of the most pressing issues in the coming decades given the demographic trends forecasted. Particularly in developing countries this could be an obstacle to inclusive and sustainable growth as well as the fight against all forms of poverty (SDG 1), through shocks...

Persistent link: https://www.econbiz.de/10011518737

Reforming retirement age in DB and DC pension systems in an aging OLG economy with heterogenous agents

Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - In: IZA journal of labor policy 5 (2016) 8, pp. 1-36

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...

Persistent link: https://www.econbiz.de/10011522240

Retirement rules in Hungary : gainers and losers

Czeglédi, Tibor; Szabó, Endre; Tir, Melinda; … - 2016

Though the Hungarian pension system has been suffering from many erroneous rules, in the present paper we confine our attention to the rules of retirement in Hungary since 1990. In every pension system, there exist two rules which determine how the lifetime contribution (which is approximately...

Persistent link: https://www.econbiz.de/10011538540

Difficulties in Romania’s public pension system

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

small number of contributors, that determine a huge social insurance budget deficit. The development of private pensions …

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

Consequences for Welfare and Pension Buffers of Alternative Methods of Discounting Future Pensions

Bucciol, Alessandro - 2010

We explore the implications of alternative methods of discounting future pension outlays for the valuation of funded pension liabilities. Measured liabilities affect the asset-liability ratio of pension funds and, thereby, their policies. Our framework for analysis is an applied many-generation...

Persistent link: https://www.econbiz.de/10013136102

The Role of Social Partners in Transforming the German Pension System

Burger, Dr. Csaba - 2010

constraints - unsustainable pay-as-you-go public pension system. The decrease of public pensions was offset by strengthening the …

Persistent link: https://www.econbiz.de/10013136421

Voting on Pensions : A Survey

de Walque, Gregory - 2010

The paper presents a non-exhaustive survey of the literature designed to explain emergence, size and political sustainability of pay-as-you-go pension systems. It proposes a simple framework of analysis (a small open two overlapping generation economy model), around which some variants are...

Persistent link: https://www.econbiz.de/10013137113

Risk Sharing in Defined-Contribution Funded Pension System

Beetsma, Roel M. W. J. - 2011

This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equivalent variations. While...

Persistent link: https://www.econbiz.de/10013117291