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...

Fünfzig Jahre nach Einführung des Drei-Säulen-Systems braucht unsere Altersvorsorge ein Update. Wie stark konnte die Altersarmut vermieden werden? Reichen die Leistungen noch? Wie gut kann das Vorsorgesystem die Bedürfnisse der älteren Bevölkerung abdecken? Avenir Suisse geht diesen Fragen...

Unemployment leads to large and persistent income losses for workers. Higher unemployment in the labor market therefore has spillover effects on the housing market. This paper studies such spillover effects from both empirical and theoretical perspectives. Using data from the Current Population...

The bride price, as an informal institution originated from traditional culture, is pervasive in many areas of the developing world in a form of a payment from the family of the groom to that of the bride at marriage. We study the effects of bride price on parents' health in China. Using...