I show that risk-sharing pension plans can reduce some of the shortcomings of defined benefit and defined contributions plans. The risk-sharing pension plan presented aims to improve the stability of benefits paid to generations of members, while allowing them to enjoy the expected advantages of...

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...

Die Europäische Zentralbank hat erstmals in der europäischen Geschichte den Leitzins auf null Prozent gesenkt. Diese überraschende Entscheidung wurde am 10.03.2016 in den Medien verbreitet. Der Report wurde verfasst vor dem Hintergrund der aktuellen Diskussion um die Niedrigzinsphase und den...

Analysiert werden die vielfältigen Auswirkungen der Sozialversicherungsfreiheit der Entgeltumwandlung auf die verschiedenen Zweige der Sozialversicherungen und die Anpassungsprozesse, die sich aus den Mindereinnahmen in Folge des Entfallens von Beitragseinnahmen ergeben. Zudem werden die...

Die betriebliche Altersversorgung wird neben der gesetzlichen Rentenversicherung und der privaten Altersvorsorge häufi g als zweite von drei Säulen der Alterssicherung bezeichnet. Die Arten dieser Altersversorgung variieren stark und werden unterschiedlich gefördert und reguliert. Sie sind...

Using new linked employer-employee data from Germany, this article provides the first evidence on the effect of employer provided occupational pensions on work engagement. Famous efficiency wage theories predict that pensions enhance effort if a risk of forfeiture of pension claims is present....

This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the...

This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the...

Die Dissertation nutzt deutsche Mikrodaten um den Zusammenhang zwischen Informationen, Institutionen und Altersvorsorge besser zu verstehen. Sie besteht aus einem einleitenden Kapitel und fünf Aufsätzen, welche (1) Finanzwissen in Ost- und Westdeutschland sowie (2) die Rolle von Familien für...

This paper considers the rise of defined-contribution (DC) pensions – such as 401(k) plans – in order to contribute to the debate about neoliberalism. It challenges the generalizability of two common accounts: the weak state intervention thesis, which argues that neoliberal policy change is...

"Workplace pensions are a vital part of Canada's retirement income system, but these plans have reached a state of crisis as a result of their low coverage and inadequate, insecure, and unequally distributed benefits. Reviewing pension plans through legal and historical lens, Empty Promises...

"The Steelworkers' Retirement Security System investigates how labor politics sustained rust belt jobs through the 1990s by creating interdependent financial commitment involving pensions and company investments. The book then goes on to adapt these commitments for the post-industrial economy to...