The objective of the paper is to examine the retirement behaviour of Belgian workers in one-earner households who are automatically granted a more generous old-age pension benefits replacement rate, called the household replacement rate. Following a recommendation of the Belgian Pension Reform...

The report's main focus is on old-age pension systems. It looks primarily at statutory pensions, incorporating the adequacy contribution of supplementary pensions where relevant. The report also looks at the role of survivors' pensions in providing adequate old-age income for surviving spouses....

The report's main focus is on old-age pension systems. It looks primarily at statutory pensions, incorporating the adequacy contribution of supplementary pensions where relevant. The report also looks at the role of survivors' pensions in providing adequate old-age income for surviving spouses....

In the German pension debate, reform options are repeatedly proposed that are doomed to failure right from the start as they cannot be legally implemented to begin with. One of these is the inclusion of civil servants in the German state pension scheme. This option, however, is prohibited by the...

German pension policy faces a dilemma. If it is too generous, it harms contributors, disincentivises labour supply, and crowds out education and infrastructure investment needed to pay for social protection. If it is too frugal, it harms those with social and health issues. Thus, smart...

Die Alterung der deutschen Bevölkerung führt in der umlagefinanzierten Gesetzlichen Rentenversicherung zu höheren Beiträgen bei sinkendem Sicherungsniveau. Dies ließe sich bremsen, wenn mit steigender Regelaltersgrenze der Renteneintritt später erfolgte. Jedoch bevorzugt die Bevölkerung...

Im Zuge des demografischen Wandels nehmen die Ausgaben der gesetzlichen Rentenversicherung in Deutschland in Zukunft deutlich zu, während die Lohnsumme, aus der die Beiträge zu finanzieren sind, gedämpft wird. Immer weniger Beitragszahler stehen in dem umlagefinanzierten System immer mehr...

A pension system is at the heart of social protection. By ensuring income security for older persons and other vulnerable groups, it prevents poverty, reduces inequality, and facilitates consumption smoothing. A pension system also affects the working population's labor market choices and has...

Every three years, the European Commission and the Social Protection Committee publish a Pension Adequacy Report, which provides an overview of the current and future adequacy of old-age incomes in EU Member States. A crucial indicator of adequacy is the at-risk-of-poverty rate of older people....

This paper provides novel evidence on the labor supply response to negative income shocks in retirement, exploiting an institutional feature that caused differential and unexpected income losses among otherwise identical individuals in a sharp regression discontinuity design. We conclude that...

The aim of this paper is to present life expectancy of both genders depending on their income and to determine the impact of a possible regularity on the state pension policy. The study was based on the income of pensioners in Poland (over 5 million people receiving old-age pension). The results...

I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a quasi-natural experiment. Exploiting the newly created pension eligibility age through a difference-in-difference as well as an event-time design, I show that elderly mortality...

Die Reform der gesetzlichen Rentenversicherung kann spätestens mit der Einführung derRiesterrente als gescheitert bezeichnet werden. Sie sichert nicht den Lebensstandardund drängt viele Rentenbezieher in die Altersarmut. Zu diesem Ergebnis tragen neben derreformbedingten Absenkung des...

As part of the Recovery and Resilience Plan (RRP, 2023), the Hungarian government pledged to reform the pension system. The main themes are sustainability and adequacy. The pension plan is to be discussed publicly and put into law by March 2025. The last detailed official pension study was the...

The objective of the paper is to examine the retirement behaviour of Belgian workers in one-earner households who are automatically granted a more generous old-age pension benefits replacement rate, called the household replacement rate. Following a recommendation of the Belgian Pension Reform...

This dissertation aims at increasing our understanding of the driving forces behind old-age labor force participation. For this purpose, several policy treatments that were introduced to address the challenges of demographic aging in Germany are examined. By providing insights into the...

It has been well recognized that population ageing could generate structural changes centered around the dwindling labor force, on one hand, and the expanding dependency on the generosity of the welfare state, on the other hand. Ageing-related welfare state policy entails both fiscal issues and...

We study public vs. private provision of health care for veterans aged 65 and older who may receive care provided by the US Department of Veterans Affairs (VA) and in private hospitals financed by Medicare. Utilizing the ambulance design of Doyle et al. (2015), we find that the VA reduces 28-day...

Das EU-Mehrebenensystem verhandelt den Einfluss der europäischen Organe auf die einzelstaatliche Souveränität fortlaufend neu. Sozialpolitik gilt dabei traditionell als Domäne der Mitgliedsstaaten. Kann man jedoch an dieser Stelle noch von politischer Autonomie der Nationalstaaten sprechen...

We use an overlapping generations framework to evaluate the impact of state pension reform on public and private workers, and apply this analysis to all fifty U.S. states. We consider (i) closing the pension plan to new entrants, (ii) reducing pension benefits together with wage increases and...

Focal retirement ages are a central feature of Social Security programs around the world, and provide a potentially powerful tool for policy makers who are interested in reforming retirement systems to address the growing funding shortfalls. But these tools often come hand in hand with...