This paper quantifies the effect of Poland's 1999 pension reform on the inequality of future pension benefits. The reform increases inequality, both in the upper and lower parts of the distribution. The estimates, based on the 2012 Polish Household Budget Survey, show that the Gini coefficient...

The risk of poverty is a key issue for European countries. Irrespective of the uneven evolution of that risk – a sharp increase in the aftermath of the Great Recession of 2008 followed by an overall decrease in the past few years – people at risk of poverty represent a key target of social...

Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pensiones...

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...

Using funded and unfunded pillars, the optimal pension structure is estimated usingan over-lapping generation model, calibrated to the average OECD countries. Whilesimulating different pillar sizes, a socio-economic characteristic was revealed in whichlow-earning groups are prone to unexpected...

Using longitudinal data on roughly 16,800 low-income workers, I estimate the effects of a reform that introduced a solidarity pillar on the Chilean defined contribution pension system. I specifically test for a negative effect on the propensity to save for retirement that would have arisen from...