This paper examines how policy uncertainty influences retirement decisions. We develop a simple model in which individuals face a one-time choice between immediate retirement and continued employment until the statutory retirement age. In the absence of policy uncertainty, retirement decisions...

In South Korea, nearly 40% of the elderly population lives in poverty, one of the highest rates in the developed world. As the country undergoes a rapid demographic transition and the share of older individuals increases, understanding the drivers of old-age poverty becomes increasingly...

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...

This paper examines the causal impact of retirement on social capital using nationally representative Australian panel data. Exploiting the eligibility age for the Age Pension, we find that retirement significantly enhances social capital by increasing social connectedness and community...

Mit dem Rentenmodell DyReMo werden verschiedene Varianten der künftigen Entwicklung der gesetzlichen Rentenversicherung sowie Reformen simuliert und die Folgen für Beitragssatz, Sicherungsniveau, Zahlungen aus dem Bundeshaushalt und implizite Renditen analysiert. Dabei werden eine veränderte...

Default settings strongly increase pension enrollment, especially when savings incentives are high and choices are complex. We show that the effect is weaker when incentives are low, options are simple, and opting out is easy. We study the nationwide introduction of auto-enrollment for...

Despite automatic enrolment in work pension schemes, private saving for pensions in the UK is relatively low, with most people under-pensioned in later life and reliant on the state pension. In this book, Hayley James shows that equally significant is that women save far less for old age than...

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...

Default settings strongly increase pension enrollment, especially when savings incentives are high and choices are complex. We show that the effect is weaker when incentives are low, options are simple, and opting out is easy. We study the nationwide introduction of auto-enrollment for low...

In einem Impulspapier weist der wissenschaftliche Beraterkreis des Bundeswirtschaftsministeriums auf die Notwendigkeit entschlossener Reformen des Rentensystems hin, damit die Rente finanzierbar bleibt. Die Reformvorschläge reichen von der Kopplung des Renteneintrittsalters an die fernere...

Die wirtschaftliche Erholung bleibt in Deutschland aus. Die Konjunktur stagniert, die öffentlichen Haushalte sind strukturell überfordert und der demografische Wandel macht sich fiskalisch zunehmend negativ bemerkbar. Anstatt dieser Entwicklung mit nachhaltigen Reformen entgegenzuwirken,...

Selbstständige werden durch das Sozialversicherungsrecht in Deutschland nur unsystematisch erfasst. In der Mehrzahl unterliegen sie keiner gesetzlichen Verpflichtung zur Altersvorsorge. Die unzureichende sozialrechtliche Absicherung ist vorrangig ein deutsches Phänomen: Während...

The Pan-European Personal Pension Product (PEPP) is a strategic initiative of the European Union (EU) aimed at creating a harmonized, portable pension savings framework that addresses the challenges of population aging, increased labor mobility, and the widening pension gap across Member States....

With the 2021 introduction of Germany's basic pension, longterm insured persons with low incomes can receive a supplement to their statutory pension. In 2024, around 1.4 million recipients received an average pension increase of 100 euros as a result. Data from the German Pension Insurance show...

The question of whether affluent households save at a higher rate than other parts of the distribution has been asked by economists on numerous occasions since the 1950s. It is standard in this research to define affluent, or "rich," households as those with high lifetime earnings or income to...

The rapid expansion of social pensions in emerging economies over recent decades has been one of the defining features of global social assistance policy. This paper aims to assess the case for a significant expansion of social pension coverage in Malaysia in light of global and Malaysian...

This paper aims to assess the case for a significant expansion of social pension coverage in Malaysia in light of global and Malaysian experience. It first defines social pensions and their diverse objectives. It then looks at global patterns of social pension coverage, adequacy, and spending,...

The European Union population is ageing increasingly rapidly, with dependency ratios and shares of the elderly in the total population rising across the continent. While aggregate projected increases in age-related public spending in the EU are manageable, there are substantial differences...

The paper analyzes Liechtenstein's three-pillar pension system, assessing its structure, funding mechanisms, sustainability and adequacy challenges. Liechtenstein's pension system operates on a three-pillar framework comprising public pensions (AHV-IV-FAK), mandatory occupational schemes, and...

The prevalence and determinants of intimate partner violence (IPV) among older women are severely understudied. This paper documents that the incidence of IPV remains high at old ages and provides the first evidence of the impact of access to income on IPV for older women. We leverage a Mexican...