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Alonso-García, Jennifer - 2020

Pension systems combine government and privately-sponsored support to finance a suitable standard of living during retirement. Pension systems can be financed through pay-as-you-go (PAYG) or through pre-funding. PAYG pension schemes finance old- age retirement benefits in one particular period...

Persistent link: https://www.econbiz.de/10012834656

Overcoming vulnerabilities of pension systems

Fall, Falilou; Bloch, Debra - 2014

Demographic developments are unfavourable for the financing of pension schemes in most OECD countries, implying continued growth in pension expenditure in virtually all OECD countries. This paper examines the vulnerability of pension systems, with an emphasis on financial sustainability and...

Persistent link: https://www.econbiz.de/10010375305

Fully-Funded Public Old Age Pension Programs - Stranger Than Paradise?

Hahn, Franz R. - 2003

This paper discusses two topics which are at the very center of the ongoing political debate on public pension reform. First, we deal with the puzzle that there is a public pension system at all from a purely neoclassical point of view. Second, we address the issue which is considered the...

Persistent link: https://www.econbiz.de/10011435133

Robustness of the Danish Pension System

Andersen, Torben M. - In: CESifo DICE Report 13 (2015) 2, pp. 25-30

Persistent link: https://www.econbiz.de/10011696912

Die Deutschlandrente: Ein Konzept zur Stärkung der kapitalgedeckten Altersvorsorge

Knabe, Andreas; Weimann, Joachim - In: ifo Schnelldienst 70 (2017) 18, pp. 25-33

, umlagefinanzierten Rentenversicherung zu reduzieren und den Aufbau zusätzlicher, kapitalgedeckter Altersvorsorge zu stärken. Allerdings … bleibt die Verbreitung der betrieblichen und privaten Altersvorsorge deutlich hinter den ursprünglichen Erwartungen zurück …. Andreas Knabe und Joachim Weimann, Universität Magdeburg, legen dar, wie mit der Deutschlandrente die private Altersvorsorge …

Persistent link: https://www.econbiz.de/10011795648

One pillar crumbling, the others too short : old-age provision in Germany

Werding, Martin - 2016

Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...

Persistent link: https://www.econbiz.de/10011429583

Old-age provision in transition : the case of Croatia

Werding, Martin; Primorac, Marko - 2016

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

Persistent link: https://www.econbiz.de/10011429587

Effectiveness of early retirement disincentives : individual welfare, distributional and fiscal implications

Bönke, Timm; Kemptner, Daniel; Lüthen, Holger - 2016

In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of...

Persistent link: https://www.econbiz.de/10011440834

The intergenerational distribution of demographic fluctuations in unfunded and funded pension systems : conference paper

Knell, Markus - 2013

In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...

Persistent link: https://www.econbiz.de/10010341066

The pension formula in Romania : inefficiencies and possible solutions

Dumitrescu, Bogdan; Drăghia, Andreea Elena - In: Financial studies 23 (2019) 2, pp. 62-74

The introduction of the correction index in the mechanism of determining pension benefits in Ro mania in 2013 has led to an inefficient formula which generates differences between the incomes received by pen sioners with the same level of contributions depending of the year of retirement. This...

Persistent link: https://www.econbiz.de/10012037391