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Year of publication
Subject
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Kapitaldeckungsverfahren 994 Fully funded system 967 Gesetzliche Rentenversicherung 501 Public pension system 501 Umlageverfahren 464 Pay-as-you-go 445 Rentenreform 402 Pension reform 400 Theorie 351 Theory 351 Deutschland 299 Germany 284 Altersvorsorge 263 Retirement provision 263 Rentenfinanzierung 195 Pension finance 171 Pension fund 147 Pensionskasse 147 Overlapping Generations 128 Overlapping generations 128 Private Altersvorsorge 104 Private retirement provision 104 Aging population 91 Alternde Bevölkerung 91 USA 90 United States 90 Risiko 76 Risk 76 Generationengerechtigkeit 74 Intergenerational equity 74 Portfolio selection 60 Portfolio-Management 60 Savings 53 Sparen 53 Bevölkerungsentwicklung 47 Chile 43 Welt 43 World 43 Betriebliche Altersversorgung 41 Occupational pension plan 41
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Online availability
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Free 265 Undetermined 69 CC license 11
Type of publication
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Book / Working Paper 523 Article 474 Journal 3
Type of publication (narrower categories)
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Article in journal 316 Aufsatz in Zeitschrift 316 Graue Literatur 261 Non-commercial literature 261 Arbeitspapier 220 Working Paper 220 Aufsatz im Buch 151 Book section 151 Hochschulschrift 65 Thesis 49 Collection of articles of several authors 17 Sammelwerk 17 Amtsdruckschrift 15 Government document 15 Bibliografie enthalten 8 Bibliography included 8 Dissertation u.a. Prüfungsschriften 8 Konferenzschrift 7 Collection of articles written by one author 6 Sammlung 6 Advisory report 5 Aufsatzsammlung 5 Gutachten 5 Case study 4 Conference proceedings 4 Fallstudie 4 Forschungsbericht 3 Rezension 2 Tabelle 2 CD-ROM, DVD 1 Conference paper 1 Gesetz 1 Konferenzbeitrag 1 Law 1 Ratgeber 1 Universitätsschrift 1
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Language
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English 632 German 295 French 39 Spanish 10 Italian 6 Undetermined 6 Russian 4 Czech 2 Dutch 2 Polish 2 Portuguese 2 Multiple languages 1 Swedish 1
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Author
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Börsch-Supan, Axel 33 Feldstein, Martin S. 25 Beetsma, Roel 24 Sinn, Hans-Werner 19 Bovenberg, Ary Lans 15 Samwick, Andrew 15 Cesaratto, Sergio 14 Maurer, Raimond 12 Mitchell, Olivia S. 12 Ranguelova, Elena 12 Romp, Ward E. 12 Liebman, Jeffrey B. 11 Ponds, Eduard 11 Breyer, Friedrich 10 Cardoso, Pedro 10 Holzmann, Robert 10 Meijdam, Lex 10 Miles, David 10 Verbon, Harrie 10 James, Estelle 9 Praag, Bernard M. S. van 9 Burtless, Gary 8 Pestieau, Pierre 8 Rogalla, Ralph 8 Schmähl, Winfried 8 Wagner, Gert G. 8 Yermo, Juan 8 Artus, Patrick 7 Borchardt, Katja 7 Eekhoff, Johann 7 Ewijk, Casper van 7 Henke, Klaus-Dirk 7 Winter, Joachim 7 Abel, Andrew B. 6 Auerbach, Alan J. 6 Blake, David 6 Bucciol, Alessandro 6 Edwards, Sebastian 6 Krupp, Hans-Jürgen 6 Leers, Theo 6
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Institution
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National Bureau of Economic Research 24 Christian-Albrechts-Universität zu Kiel / Institut für Weltwirtschaft 3 World Bank 3 Europäische Kommission / Generaldirektion Wirtschaft und Finanzen 2 Hans-Böckler-Stiftung 2 Ifo-Institut für Wirtschaftsforschung 2 Institut der Deutschen Wirtschaft Köln 2 Stiftung Marktwirtschaft / Kronberger Kreis 2 USA / Subcommittee on Social Security 2 Arbeitsgemeinschaft Kommunale und Kirchliche Altersversorgung 1 Bayerische Akademie der Wissenschaften 1 C.E.P.R. Discussion Papers 1 Center for Economic Research <Tilburg> 1 Centro de Estudios Macroeconómicos de Argentina / Universidad 1 Centro de Investigación y Docencia Económicas (CIDE) 1 Dartmouth College 1 Deutsch-Französisches Wirtschaftspolitisches Forum <8, 2001, Berlin> 1 Deutscher Gewerkschaftsbund 1 Deutsches Institut für Altersvorsorge 1 Deutschland / Bundesministerium der Finanzen 1 Deutschland / Bundesministerium der Finanzen / Wissenschaftlicher Beirat 1 Deutschland / Bundesministerium für Familie und Senioren 1 Deutschland / Bundesministerium für Wirtschaft / Wissenschaftlicher Beirat 1 Deutschland / Bundesministerium für Wirtschaft und Technologie / Wissenschaftlicher Beirat 1 Erasmus Universiteit Rotterdam / Onderzoekcentrum Financieel Economisch Beleid 1 European Commission / Directorate-General for Economic and Financial Affairs 1 European University Institute / Department of Economics 1 Frankfurter Institut - Stiftung Marktwirtschaft und Politik 1 Friedrich-Ebert-Stiftung / Abteilung Wirtschafts- und Sozialpolitik 1 Gesellschaft für Versicherungswissenschaft und -gestaltung 1 Gesellschaft für Wirtschafts- und Sozialwissenschaften / Ausschuß für Bevölkerungsökonomie 1 Gesellschaft zur Förderung von Wirtschaftswissenschaften und Ethik 1 Handelsblatt Research Institute 1 Infratest-Burke-Sozialforschung GmbH <München> 1 Institut für Sozial-Ökologische Wirtschaftsforschung 1 Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät 1 Institut für Wirtschaftsforschung Halle 1 Institutet för Internationell Ekonomi <Stockholm> 1 Instituto Valenciano de Investigaciones Económicas 1 Inter-American Development Bank / Research Department 1
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Published in...
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Working paper / National Bureau of Economic Research, Inc. 24 NBER Working Paper 23 NBER working paper series 23 Europäische Hochschulschriften / 5 16 CESifo working papers 14 Sonderforschungsbereich 504, Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung 11 Sozialökonomische Schriften 11 Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 11 CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute 10 Redesigning social security 10 Netspar Discussion Paper 9 Journal of pension economics and finance 8 Private pensions versus social inclusion? : non-state provision for citizens at risk in Europe 8 Zeitschrift für die gesamte Versicherungswissenschaft : Zeitschrift des Deutschen Vereins für Versicherungswissenschaft e.V. 8 Beiträge zur angewandten Wirtschaftsforschung 6 Discussion paper / Centre for Economic Policy Research 6 Discussion paper series / IZA 6 Frontiers in pension finance 6 Social security and its discontents : perspectives on choice 6 The American economic review 6 The future of multi-pillar pensions 6 Wirtschaftspolitische Blätter : österreichische Zeitschrift für Wirtschaftspolitik 6 Arbeitspapier 5 Discussion paper / The Pensions Institute, Cass Business School, City University 5 Insurance / Mathematics & economics 5 International tax and public finance 5 Privatizing social security 5 Sozialer Fortschritt : unabhängige Zeitschrift für Sozialpolitik 5 Administrative aspects of investment-based social security reform 4 CESifo Working Paper Series 4 Discussion papers / Deutsches Institut für Wirtschaftsforschung 4 Diskussionspapiere / Deutsches Institut für Wirtschaftsforschung 4 Document de travail 4 Economica 4 Economie & prévision : EP 4 Edition / Hans-Böckler-Stiftung 4 FinanzArchiv : European journal of public finance 4 Finanzwissenschaftliche Schriften 4 Focus on Austria 4 IMF working papers 4
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Source
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ECONIS (ZBW) 981 USB Cologne (EcoSocSci) 14 RePEc 5
Showing 1 - 50 of 1,000
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Partially funded social security and growth
Bethencourt, Carlos; Kunze, Lars; Perera-Tallo, Fernando - 2025
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399642
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Pension system design : roles and interdependencies of tax-financed and funded pensions
Jarner, Søren F.; Jallbjørn, Snorre; Andersen, Torben M. - In: Scandinavian actuarial journal 2024 (2024) 8, pp. 813-847
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Korea's National Pension : structural reform measures
Lee, Kang Koo; Shin, Seung-Ryong - 2024
South Korea has been under acute pressure to sustain its National Pension Plan without the risk of fund depletion. Given the looming fiscal threat, this study proposes the introduction of a new pension, a fully-funded system designed to ensure intergenerational equity. This reform aims to...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014574026
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Ergänzende Kapitaldeckung der Altersvorsorge : Gründe, Gestaltungsoptionen und Auswirkungen
Werding, Martin; Schaffranka, Claudia; Nöh, Lukas; … - 2023
Der demografische Alterungsprozess, der in Deutschland besonders ausgeprägt ist, tritt nun in eine akute Phase. Die Renteneinritte der "Baby boomer" lassen die Zahl der Erwerbstätigen in den nächsten Jahren schrumpfen, während die Zahl der Rentenbezieherinnen und -bezieher wächst. Diese...
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Individual Risk in an Investment-Based Social Security System
Feldstein, Martin S.; Ranguelova, Elena - 2022
This paper examines the risk aspects of an investment-based defined contribution Social Security plan. We focus on the risk after the plan is fully phased in. Individuals deposit a fraction of wages to a Personal Retirement Account (PRA), invest these funds in a 60:40 equity-debt mix, and in a...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014138416
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Kapitalgedeckte Rente : ein neuer Anlauf?
Deutschland / Bundesministerium der Finanzen / … - 2022 - Stand August 2022
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Die Generationenrente ab Geburt : Vorschlag für eine Altersarmut vermeidende ergänzende kapitalgedeckte Alterssicherung
Maurer, Raimond; Schwintowski, Hans-Peter - 2022
Der Koalitionsvertrag 2021 sieht eine generationengerechte Absicherung des Rentenniveaus durch eine teilweise aus Haushaltsmitteln finanzierte Kapitaldeckung vor. Um dieses Ziel zu verwirklichen, wird hier die Einführung einer Generationenrente ab Geburt vorgeschlagen. Dabei wird aus...
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Pension System Reform : The Mexican Case
Sales-Sarrapy, Carlos L.; Solís Soberón, Fernando; … - 2022
The paper analyzes the Mexican pension reform of December 1995. Essentially, the reform substituted a defined-benefit pay-as-you-go system with a fully funded defined contribution system based" on individual accounts with a minimum pension guarantee provided by the government. Total...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013324005
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Supplementary Insurance : Transition from a Pay-as-You-Go to a Fully Funded Pension System (Greece)
Kantriviotis, Christos - 2022
The institution of social security today faces new challenges and is called upon to adapt to new realities such as globalization, demographic ageing, scientific progress, etc. The national legislator must ensure the sustainability of the social security system and adopt regulations capable of...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013293000
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Ist die Rente wirklich sicher? : ein neuer Start für die kapitalgedeckte Altersvorsorge
Klauser, Natalie; Schikora, Felicitas - Konrad-Adenauer-Stiftung - 2022
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The transition to a multi-pillar pension system : the inherent socio-economic anomaly
Wolf. PhD, Ishay - 2022
Purpose – This paper aims to analytically show that in an over-lapping-generation (OLG) model, low earning cohorts bear unwanted risk and absorb higher economic cost than high earning cohorts do. Design/methodology/approach – This paper aims to consider the individual’s risk appetite,...
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The Value of Children and Immigrants in a Pay-as-You-Go Pension System : A Proposal for a Partial Transition to a Funded System
Sinn, Hans-Werner - 2022
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go pension system that is endowed with individual accounts equals the gross contributions" of this member. In Germany, this is an amount of about DM 175,000. The paper uses this" information to design a...
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Search for sustainable pension system and state support for funded pensions in CEE countries
Poškutė, Virginija; Gudaitis, Tadas; Medaiskis, Teodoras - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 23 (2022) 2, pp. 313-322
Pension systems around Europe are being reformed for several decades already. Main objectives of the reforms are to enable people to have adequate income at retirement and to ensure the system's financial sustainability. Many European countries implemented policies aiming at diversification of...
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A worker's backpack as an alternative to PAYG pension systems
Sousa, João Brogueira de; Díaz-Saavedra, Julián; … - 2022
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Pareto optimal pension risk allocations
Muns, Sander; Werker, Bas J. M. - In: De economist : Netherlands Economic Review 170 (2022) 1, pp. 133-172
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Fairness and annuity divisors for notional defined contribution pension schemes
Boado-Penas, María del Carmen; Haberman, Steven; … - In: Journal of pension economics and finance : JPEF 21 (2022) 2, pp. 143-167
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Hintergrund und Erfahrungen von kapitalgedeckten Alterssicherungssystemen mit automatischer Einschreibung und Abwahlmöglichkeit ("Opt-out") am Beispiel von NEST : Kurzexpertise im Auftrag des Bundesministeriums für Finanzen (BMF)
Geyer, Johannes; Felder, Lars; Haan, Peter - 2022
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014469891
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Smart Defaults : Determining the Number of Default Funds in a Pension Scheme
Blake, David P.; Duffield, Mel; Tonks, Ian; Haig, Alistair - 2022
We propose a new methodology for the smart design of the default investment fund(s) in occupational defined contribution pension schemes based on the observable characteristics of scheme members. Using a unique dataset of member risk attitudes and characteristics from a survey of a large UK...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014351659
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Pension systems and the current account : an empirical exploration
Koomen, Miriam; Wicht, Laurence - In: Journal of international money and finance 120 (2022), pp. 1-19
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State participation in funded pension systems in selected Central and Eastern European countries
Mečkovski, Jaroslav; Gudaitis, Tadas; Medaiskis, Teodoras - In: Eastern European economics : EEE 62 (2024) 3, pp. 277-293
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Reforming Social Security : a Practical and Workable System of Personal Retirement Accounts
Goldberg, Fred T.; Graetz, Michael J. - 2021
This paper details a method for implementing personal retirement accounts (PRAs) as a part of Social Security reform. The approach described here answers the following questions: how funds are collected and credited to each participants' retirement account; how money is invested; and how funds are...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013219179
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The Mix between Pay-as-You-Go and Funded Pensions and What Demography Has to Do with it
Praag, Bernard M. S. van; Cardoso, Pedro - 2021
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013221902
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The Chilean Pension Reform : A Pioneering Program
Edwards, Sebastian - 2021
In the mid-1970s Chile initiated a deep market-oriented reform program aimed at opening up the economy, privatizing state owned enterprises and stabilizing the macroeconomy. In the 1980s Chile began to grow at increasingly rapid rates -- between 1986 and 1995 the average rate of growth bordered...
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Mutual Funds and Institutional Investments : What is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
James, Estelle; Ferrier, Gary Donald; Smalhout, James; … - 2021
One of the biggest criticisms leveled at defined contribution individual account (IA) components of social security systems is that they are too expensive. This paper investigates the cost-effectiveness of three options for constructing funded social security pillars: 1) IA's invested in the...
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The New Social Security Commission Personal Accounts : Where is the Investment Principal?
Gustman, Alan L.; Steinmeier, Thomas L. - 2021
The President's Commission to Strengthen Social Security suggests three plans for reforming Social Security. These plans divert various amounts of the payroll tax to a personal account if the worker chooses to participate in the account. In return, Social Security benefits are offset using...
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Optimal Notional Defined Contributions
Santos, Marcelo Rodrigues - 2021
Notional Defined Contributions (NDC) systems mimic the incentive structureof fully funded social security while preserving the Pay-as-you-go nature ofmost current systems. We study size-preserving social reforms which replacethe current US system with alternative NDCs with many alternative...
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Understanding Individual Account Guarantees
Lachance, Marie-Eve; Mitchell, Olivia S. - 2021
Demographic aging renders workers vulnerable to the inherent uncertainty of unfunded social security systems. This realization has set off a global wave of social security reforms, and numerous countries have now set up Individual Accounts (IA) plans in response. Strengths of IAs are that...
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Transition to a Fully Funded Pension System : Five Economic Issues
Feldstein, Martin S. - 2021
This paper provides a relatively nontechnical discussion of the effects of shifting from a pay-as-you-go system of Social Security pensions to a fully funded plan based on individual accounts. The analysis discusses the rationale for such a shift and deals with five common problems: (1) the...
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Reducing the Risk of Investment-Based Social Security Reform
Feldstein, Martin S. - 2021
This paper describes the risks implied by a mixed system of Social Security pension benefits with different combinations of pay-as-you-go taxes and personal retirement account (PRA) saving. The analysis shows how these risks can be reduced by using alternative private market guarantee...
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The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
Abel, Andrew B. - 2021
This paper develops a tractable stochastic overlapping generations model to analyze the equilibrium equity premium and growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust Fund increases the share of its portfolio held in...
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Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security Program
Feldstein, Martin S.; Ranguelova, Elena - 2021
This paper examines the risk aspects of a fully phased-in investment-based defined contribution Social Security plan. Individuals save a fraction of wages in a Personal Retirement Account (PRA) invested in a 60:40 equity-debt mix and receive a similarly invested variable annuity from age 67. The...
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The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability are Uncertain
Feldstein, Martin S.; Ranguelova, Elena; Samwick, Andrew - 2021
In this paper we study the transition from a pay-as-you-go system of Social Security pensions to an investment-based system in an economy in which portfolio returns and capital profitability are both uncertain. The paper extends earlier studies by Feldstein and Samwick that modeled the...
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Optimal notional defined contributions
Costa, Carlos E. da; Santos, Marcelo R. - 2021
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012583973
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Pension fund management, investment performance, and herding in the context of regulatory changes : new evidence from the Polish pension system
Dopierała, Łukasz; Mosionek-Schweda, Magdalena - In: Risks : open access journal 9 (2021) 1/6, pp. 1-19
The aim of this paper is to assess the impact of reforms introduced in the operation of Polish open pension funds on management style, risk exposure and related investment performance. The article analyzes the impact of the reformed regulations on the herd behavior of fund managers. In...
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The outlines of a possible pension system funded with human capital
Banyár, József - In: Risks : open access journal 9 (2021) 4, pp. 1-32
The broadly used pay-as-you-go (PAYG) pension system is intrinsically wrong. The essence of the problem is that the PAYG system distributes the yield of raising children, i.e., of human capital investment (which is essentially the pension contribution), in such a way that it disregards the...
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Pareto-improving transition to fully funded pensions under myopia
Andersen, Torben M.; Bhattacharya, Joydeep; Gestsson, … - In: Journal of demographic economics : JODE 87 (2021) 2, pp. 169-212
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Political stress and the sustainability of funded pension schemes : introduction of a financial theory
Wolf, Ishay - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-12
This study introduces multiplayer game in the modern pension market. Particularly, this study claims that low earners and high earners have different interests when playing in funded pension market scheme. This differentiating is enabled by avoiding the entire society as a single earning cohort....
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Smart defaults : determining the number of default funds in a pension scheme
Blake, David; Duffield, Mel; Tonks, Ian; Haig, Alistair; … - 2021
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Alternative Social Security Systems and Growth
Kaganovič, Michail I.; Zilcha, Itzhak - 2021
Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...
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Reforming Pensions : Myths, Truths, and Policy Choices
Barr, Nicholas A. - 2021
This paper discusses the strategic building blocks of pension reform. The early sections set out the simple economics of pensions and discuss a series of myths which have proved remarkably persistent. Subsequent sections draw together the conclusions for policy design from earlier theoretical...
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The International Spillover Effects of Pension Reform
Adema, Yvonne; Meijdam, Lex; Verbon, Harrie - 2021
This paper explores how pension reforms in countries with PAYG schemes affect countries with funded systems. We use a two-country two-period overlapping-generations model, where the countries only differ in their pension systems. We distinguish between the case where a reform potentially leads...
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Ageing, Funded Pensions and the Dutch Economy
Bovenberg, Ary Lans; Knaap, Thijs - 2021
This paper attempts to paint a coherent picture of the effects of ageing on a small, open, economy with large pension funds in different institutional settings. Quantitative scenarios are projected with an applied computable general equilibrium model with institutional details. We find that...
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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward E. - 2021
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
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How Sustainable are Old-Age Pensions in a Shrinking Population with Endogenous Labour Supply?
Cardoso, Pedro; Praag, Bernard M. S. van - 2021
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
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Social Security Reform and Intergenerational Trade : Is There Scope for a Pareto-Improvement?
Köthenbürger, Marko; Poutvaara, Panu - 2021
In earlier literature, the suggested Pareto improvements in pay-as-you-go (PAYG) systems have relied on the presence of externalities or the possibility of intragenerational redistribution. We show that neither assumption is necessary in an economy with intergenerational trade in a fixed factor...
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The Politics of Pension Reform Under Ageing
Leers, Theo; Meijdam, Lex; Verbon, Harrie - 2021
In this paper we address the question whether in case of population ageing a transition from an unfunded to a more funded pension scheme is politically feasible in a representative democracy. We consider two parties: a right-wing party which is willing to trade off intragenerational equity...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320871
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The Rationale for Fundamental Pension Reform in the Germany and the United States : An Assessment
Burtless, Gary - 2021
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries have recently made or are considering reforms that would reduce the generosity of the traditional, pay-as-you-go pension system. Some or all of the lost benefits would be...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320882
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Why Funding is Not a Solution to the Social Security Crisis
Breyer, Friedrich - 2021
It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320897
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Pension Reform and Demographic Crisis : Why a Funded System is Needed and Why it is Not Needed
Sinn, Hans-Werner - 2021
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to a funded system even though the latter offers a permanently higher rate of return. The sum of...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320939
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A Case for Partial Funding of Pensions with an Application to the EU Candidate Countries
Oksanen, Heikki - 2021
The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013320958
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