Search Results - subject_exact:"Pension finance"

Is GDP growth necessary to maintain pensions? : an empirical analysis of public pension spending and benefits in the OECD

Palomera, David; Starke, Peter - 2026

The literature on growth dependencies increasingly calls for post-growth welfare states capable of functioning without reliance on GDP growth in order to remain within planetary limits. Yet empirical research on the relationship between welfare state arrangements and economic growth remains...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611855

Population Aging and Pension Reforms in China

Bonthuis, Boele - 2026

China is experiencing rapid population aging and a declining workforce, posing significant economic and fiscal challenges, especially to the pension system. This paper examines the evolution of China’s pension system, assesses its gaps relative to international peers, and evaluates the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612607

An overlapping generations model to investigate the fiscal implications of New Zealand's ageing population : a background paper for the 2025 Long-term Fiscal Statement

Binning, Andrew; Özbilgin, Murat; Smith, Christie - 2026

New Zealand's population is ageing. Public spending on public pensions (NZ Superannuation) and health are particularly sensitive to this trend and are expected to increase accordingly. Current and future government policies aimed at addressing this challenge will not only influence macroeconomic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625615

Demografische onzekerheid en pensioen

Ewijk, Casper van; Dalen, Hendrik P. van; Münster, Sander - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637468

Lowering the retirement age : employment effects and mechanisms

Ottmer, Henning - 2026

This paper examines a 1976 Swedish reform that lowered the normal retirement age (NRA) for public pensions from 67 to 65. The reform implied substantial increases in future pension benefits while leaving contribution rules unchanged. Using administrative data, I find sharp behavioral responses:...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656148

Addressing the Demographic Decline in South Korea

Carroll, Daniel; Hur, Sewon; İmrohoroğlu, Selahattin; … - 2026

In this paper, we use an overlapping-generations standard-incomplete markets model to quantitatively investigate the long-run implications of Korea's demographic changes and policy reforms. Importantly, our quantitative model endogenizes the retirement decision and matches the elasticity of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650427

Balancing sustainability and well-being : a multivariate analysis of European pension regimes

Nádasi, Levente Sándor; Kovács, Sándor - 2026

As the European population ages, the sustainability of pension systems faces a trilemma: the structural conflict between achieving benefit adequacy, fiscal stability, and labor market flexibility. This study investigates the primary research hypothesis that these three objectives involve...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636719

On the fiscal challenge posed by transiting to a sustainable population level in aging societies : insights from a 4 epoch overlapping generations model

Anderson, Gordon - 2026

Expert opinion suggests the planet’s feasibly sustainable population size is roughly half its current level. Transition to a stable sustainable level requires maintaining a low fertility rate for an extended period followed by a return to the stable rate. A lower fertility rate changes a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656780

Afwegingen in de solidaire en flexibele premieregeling : leenrestrictie en maatwerk

Servat, Luke; Pelsser, Antoon André Jean; Alserda, Gosse; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668912

Fiscal Impacts of Pension Systems and Their Reforms in the MENA Region

Pallares-Miralles, Montserrat - 2026

Pension spending in the Middle East and North Africa (MENA) region is often one of the largest and increasing public expenditure items, averaging around 2 percent of gross domestic product (GDP) in the early 2000s and currently about 4 percent of GDP. Morocco, Iran, Tunisia, Algeria, Malta, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015673098

Protecting social security : the case against extending the full retirement age

Lane, Edward - 2025

The Social Security "full retirement age" (FRA) is the age at which retirement income benefits are available without reduction for early commencement. Presently, that age is 67 for those born in 1960 or later. This paper is about the unfair and unnecessary threat to reduce Social Security...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371402

Toward an economic reformulation of public pension funding

Costrell, Robert M.; McGee, Josh B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374554

An analysis of the chinese pension system pointing to the urgent need for reform

Zhang, Xiao; Chand, Satish - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374826

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An analysis of the chinese pension system pointing to the urgent need for reform

Zhang, Xiao; Chand, Satish - 2025

Article

Kwantificering van het omslagelement van de solidariteitsreserve in het nieuwe pensioenstelsel

Bilsen, Servaas van; El Ela, Sliem; Mehlkopf, Roel; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332586

Structural reforms to enhance the sustainability and intergenerational equity of the National Pension System

Lee, Kang Koo - 2025

This paper examines reform measures for the National Pension System, analyzing their fiscal impacts. Despite past reforms adjusting contribution and replacement rates, the system faces ongoing sustainability challenges. We forecast that the reserve fund, peaking at 1,972.0 trillion KRW in 2039,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015337690

A simulation model for the Colombian pension system

Becerra, Oscar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463297

Implicit pension debt in pay-as-you-go pension systems : the stationary and balanced case

De Santis, Gustavo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474292

The pension system in the Republic of Serbia : structure, challenges and reform perspectives

Paunović, Sanja; Kosanović, Rajko - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448093

Fiscal Implications of Aging in Andorra : Pension and Healthcare System Reforms

Bibolov, Aidyn - 2025

Andorra has the highest life expectancy and the lowest fertility rate in Europe, resulting in one of the fastest-aging populations on the continent. This study assesses the long-term fiscal implications of demographic change for Andorra's pension and healthcare systems. Without reform, public...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451949

Optimal balance between funding and payg pensions : the case of NDC pensions

Ewijk, Casper van; Meijdam, Lex - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015453618

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Optimal balance between funding and payg pensions : the case of NDC pensions

Ewijk, Casper van; Meijdam, Lex - 2025

Book / Working Paper

Aging, population projections, and public Pensions

İmrohoroğlu, Selahattin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437549

The future of public pension provision in the UK : challenges and trade-offs

Cribb, Jonathan; Emmerson, Carl; Karjalainen, Heidi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457814

Public burden, private solutions : rethinking Brazil's pension system through Canadian insights

Pessoa, Marcelo de Sales - 2025

This paper provides a comparative analysis of the pension systems in Brazil and Canada, focusing on their historical evolution, structural frameworks, and the demographic and fiscal challenges they face. By examining the development of these systems, the study highlights the unsustainable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457825

Greener pensions, greener choices : linking investments to sustainable behavior

Balakina, Olga; Christiansen, Charlotte; … - 2025

This paper examines how offering sustainable investment options influences sustainable consumption behavior. We combine a natural experiment in which individuals receive an option to switch to a pension plan with a strong sustainability profile with detailed household register data. This...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441304

Factors affecting the sustainability of pension systems

Otavová, Milena; Blazková, Jana; Hasíková, Iva; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609423

Financial impact of pandemics on pension sustainability : an application for Spain

Boado-Penas, María del Carmen; Eisenberg, Julia; Song, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593673

Finanzielle Entwicklung der gesetzlichen Rentenversicherung - ausgewählte rentenpolitische Vorhaben : Bericht nach § 88 Absatz 2 BHO an den Haushaltsauschuss des Deutschen Bundestages : Geschäftszeichen: IX 2 - 0001543

2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015557787

The effect of increasing the female state pension age and the interactions with labour market histories

Cribb, Jonathan; Henry, Anna; Karjalainen, Heidi - 2025

We examine the impact of increasing the state pension age (SPA) for women in the UK from age 60 to 66 on income, expenditure, and wellbeing, exploiting the staggered implementation of the reform using a difference-in-difference methodology. We identify a key heterogeneity in effects based on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651942

Die Zukunft der Altersvorsorge in Deutschland

2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637428

The survivor dividend as a tool to improve pension adequacy in nonfinancial defined contribution schemes

Arnold-Gaille, Séverine; Boado-Penas, María del Carmen; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015534561

Sustaining Algeria's retirement system in the population aging context : could a contribution cap strategy work?

Flici, Farid; Dominguez-Fabian, Inmaculada - 2024

Previous research predicts an increasing financial deficit in Algeria's PAYG retirement system, mainly due to rapid population aging, and parametric adjustments will be insufficient to alleviate this imbalance. Mitigating the effects of population aging will necessitate further intervention. In...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636717

Non-linear means-tested pensions : welfare and distributional analyses

Wheadon, Daniel; Castex, Gonzalo; Kudrna, George; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014549245

Fair and sustainable pension system : market equilibrium using implied options

Wolf, Ishay; Caridad y López del Río, Lorena - 2024

This study contributes to the discussion about a fair and balanced pension system with a collectively funded pension scheme or social security and a defined contribution pillar. With an invigorated risk approach using financial option positions, it considers the variance of socioeconomic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015065851

The redistributive effect of pensions : the case of Uruguay

Forteza, Alvaro; Tuzman, Diego - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069993

The Bulgarian Pension System: Caught Between Adequacy and Sustainability : Bulgaria

Hallaert, Jean-Jacques - 2024

During the COVID-19 pandemic, the Bulgarian authorities increased pensions substantially to support pensioners’ living standards and aggregate demand. These increases have become permanent and improved the adequacy of pensions. However, not matched by revenue measures, they have widened the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080305

Pensions in aging Asia and the Pacific : policy insights and priorities

Chomik, Rafal; O'Keefe, Phil; Piggott, John - 2024

Asia and the Pacific has the most diverse regional pension landscape globally. Yet the region's pension systems are facing common challenges as they attempt to expand coverage, and ensure adequacy and fairness, while maintaining fiscal sustainability. We review the structures and performance of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080696

The social security pension system of north Cyprus : analysis of deficits and inequities with proposals for sustainability and fairness

Altıok, Hasan Ulaş; Sokhanvar, Amin; Jenkins, Glenn P. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015084860

Up in flames : the state pension by 2035 : an ASI briefing paper

Marlow, Maxwell - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015077952

The effect of the Covid pension withdrawals and the Universal Guaranteed Pension on the income of the future retirees and its fiscal costs

Madeira, Carlos - 2024

Chile implemented large pension withdrawals during the pandemic relative to other countries. Afterwards, Chile increased non-contributory benefits in a quasi-universal scheme. Simulating the future pensions, I show that the average loss in contributory pension income is 27.9%, with losses of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078270

Conditioning public pensions on health : effects on capital accumulation and welfare

Fabbri, Giorgio; Leroux, Marie-Louise; Melindi Ghidi, Paolo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014533330

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Conditioning public pensions on health : effects on capital accumulation and welfare

Fabbri, Giorgio; Leroux, Marie-Louise; Melindi Ghidi, Paolo - 2024

Book / Working Paper

Garanties in het nieuwe pensioenstelsel

Kokken, Matthijs; Nijman, Theodore E.; Werker, Bas J. M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014484067

Intergenerational redistribution in a pay-as-you-go pension system

Lundberg, Jacob - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015163692

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Intergenerational redistribution in a pay-as-you-go pension system

Lundberg, Jacob - 2024

Book / Working Paper

Investor decision making within retirement savings schemes

Bebbington, Christopher; Durand, Robert B.; Khuu, Joyce - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014491112

Aging, inadequacy, and fiscal constraint : the case of Thailand

Phitawat Poonpolkul; Ponpoje Porapakkarm; Nada Wasi - 2024

We use an overlapping generations model to study the challenge in developing countries with a large informal sector and aging population. We use Thailand as a case study and incorporate its labor market structure and its public pension system into the calibrated model. Unlike developed...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014513260

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Aging, inadequacy, and fiscal constraint : the case of Thailand

Phitawat Poonpolkul; Ponpoje Porapakkarm; Nada Wasi - 2023

Book / Working Paper

Aging, inadequacy and fiscal constraint : the case of Thailand

Phitawat Poonpolkul; Ponpoje Porapakkarm; Nada Wasi - 2022

Book / Working Paper

Navigating the crossroads of finance and politics : assessing the representativeness of ESG pension investment legislation

Vásquez Duque, Omar - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014525407

Is rising student debt affecting retirement savings? : evidence from the survey of consumer finances

Batkeyev, Birzhan; Ertugrul, Mine; Krishnan, Karthik; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015166523

Rethinking pension reform

2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015133003

Adequacy of the pension system : a qualitative interview of Indonesian civil service pensioners in Kapuas Regency

Hadi, Abdul; Vidyattama, Yogi; Badriah, Badriah; Emese, … - 2024

Around three million pensioners receive the Indonesian civil service pension benefit. This benefit is the main source of income for the majority of civil service pensioners. This paper examines the adequacy of this pension benefit from the perspective of pensioners in Kapuas Regency. Through...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202427

Retirement income systems in OECD member states

Mitchell, Daniel; O'Quinn, Robert P. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015191269

Relationship between pension knowledge, trust in the pension system, and sociodemographic factors

Tenhunen, Sanna; Kuivalainen, Susan - 2024

This study gauges Finnish people's knowledge about pensions and their trust in the pension system. A further aim is to see if knowledge and trust are related and to explore the role of sociodemographic factors in that relationship. We examine both self-assessed and objective knowledge of pension...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015412102