until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …-the-job training. A passive fiscal strategy would be very costly. A comprehensive reform, including an increase in the effective …

importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … occupational pensions. …

identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most …

Recent social security reform has significantly improved the long-run sustainability of the pension system. However … in the formal sector. Thus, further pension reform is one of the keys to overcoming Turkey's economic duality. Finally …

paper assesses five proposals for pension reform made in late 2005 with a view to helping progress towards a final decision … on reform. The proposals cover a wide range of options: only parametric change of the current pay-as-you-go (PAYG) system …, early retirement incentives, diversification into private provision, simplicity and the pensions-earnings link. This Working …

with increased disparities. In that context, less generous pensions may induce an increase in the claiming of invalidity …