Many European countries have begun (or have announced) programs intended to reduce the growth of entitlement programs, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and negative incentive effects. This paper focuses on the...

Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a matching defined contribution scheme to fill the emerging "pension gap" that is being generated by the gradually declining generosity of the public pay-as-you-go pensions in...

Volkswirtschaftslehre ist eigentlich ein lebendiges Fach. Tagtäglich stehen Schlagzeilen in der Zeitung, die über Wirtschaftswachstum, Arbeitslosigkeit, Inflation, Währungs­ turbulenzen oder das Anwachsen der Sozialversicherungsbeiträge berichten. Wir ma­ chen uns um unser Einkommen...

Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these...

1: Introduction -- 1.1 Substantive Issues -- 1.2 Methodological Issues -- 1.3 Organization of the Book -- One: Econometric Foundations Discrete Choice Analysis -- 2: The Random utility Maximization Hypothesis -- 3: Functional Specification of Discrete Choice Models -- 4: The Nested Multinominal...