Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data … across countries, household-characteristics, and major items of the households' balance sheets such as cash-on-hand, liquid …

automatically granted a more generous old-age pension benefits replacement rate, called the household replacement rate. Following a … adequacy measures. Specifically, we test whether the household replacement rate entails a work (dis)incentive mechanism … promoting (harming) pension sustainability and furthermore, we analyse the role of the household replacement rate in old …