This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...

To what extent a pension system can be judged fair given structural differences in life expectancy across socioeconomic groups is not straightforward and will depend on the exact design of the system and other social policies in place, and how these policies interact with the pension system.

Italy, which is sometimes considered a laggard in terms of social and economic reforms, can boast a pension system that is, by and large, functioning sufficiently well in terms of ensuring an adequate purchasing power to retirees and a financially sustainable outlook in the long term, even when...

Many countries followed the German example in increasing the legal retirement age, reaching the German standard envisaged for 2030 (of 67 years of age) at an earlier stage (in Ireland: 2021; the Netherlands: 2021; and Denmark: 2022) or even exceeding it (in Ireland: with 68 years, starting in 2028).

A specific feature in the Finnish pension system is rule-based preparation for mortality change. The earned pension capital is adjusted to life expectancy and the lowest age limit of the flexible retirement age will be adapted so that the ratio of expected years in employment and retirement is...

Gemäß der aktuellen Generationenbilanz belaufen sich die impliziten Staatsschulden derzeit auf rund 165 Prozent des BIP. Fast die Hälfte davon entfällt auf die gesetzliche Rentenversicherung - den ausgabenstärksten Sozialversicherungszweig. Vor diesem Hintergrund wirft diese Studie einen...