scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and …

German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using …

German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using …

equilibrium involving an old-age pensions system, partly financed by PAYG and partly by a capital reserve system, and what will be …

.g., to pension and labor market reform. This paper sheds light on such reactions in three large Continental European … countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …, these countries show remarkable resistance against pension and labor market reform. Key issues taken up in this paper are …

and money in their upbringing. -- Pension reform ; implicit pension taxes and subsidies ; child benefits ; fertility …

The paper discusses the options for a reform of the German pension system using a model developed at CES for the German … so as to stabilize the sum of this rate and the pay-as-you-go contribution rate, given the time path of pensions as …

exemplary Bismarckian machine that has created generous retirement incomes at reasonable tax rates. Current policy proposals are … German retirement insurance system …