This paper considers the economic implications of the stalling birth rates and demographic development in Europe. To remedy for this it proposes a child pension system. This system allows additional pension facilities depending on the number of children raised. It should be a PAYG pension financed with an income tax. The main motivation for this is that parents have invested resources which als...

This study evaluates the effect of Chile’s pension system rules and regulations on individuals’ contribution and working decisions. In 1980 Chile was the first country to switch from a pay-as-you-go system to a privatized system based on individual investment accounts; then it has since been a model for pension reforms in many other Latin American countries. The Chilean system has also been con...

Between 1975 and 1983, Canada, Finland, Sweden, the United Kingdom, and the Federal Republic of Germany--countries faced with immediate or long-term financing difficulties in their social security systems--modified their social security pension adjustment procedures. These changes in pension adjustments very often were made in conjunction with other restrictive measures such as increased contri...

In this paper, we identify the economic system in which occupational pension schemes operate. This system includes all parties to the pension arrangement, particularly the members of the scheme and the shareholders of the sponsoring company. This requires us to model the pension scheme not as a self-contained fund, but simultaneously alongside the company, and to recognise its interaction with ...

BACKGROUND This study explored the association of unemployment and an increased risk of receiving disability pension, and the possibility that this risk is attributed to municipality-specific characteristics. METHODS A cohort of 7,985 40-42 year olds was followed for 18 years in national registers, identifying new episodes of unemployment and cases of disability pension. The association betwe...

This paper identifies the causal impact of a retrenchment of pension rights on the job motivation of negatively reciprocal workers. The paper complements the evidence from lab experiments that highlight the behavioral relevance of reciprocity in stylized labor markets. We use unique matched survey and administrative data that include individual measures of reciprocity. Our data set covers male ...

This paper creates a synthetic pension data set through the use of regression and statistical matching procedures, and as a by-product, updates income replacement rates from defined benefit plans. This new data set contains detailed socioeconomic variables along with in-depth, employer-provided pension data. Through the use of data from the Internal Revenue Service (IRS) Form W-2, two earnings-...

Pension fund assets have increased markedly during recent decades, and there are signs that this trend will continue, particularly given demographic changes and the current pattern of pension reform towards funded systems. However, research on the extent to which growth in pension assets contributes directly to economic growth is quite scarce. This is surprising since superiority of funding to ...

BACKGROUND Several studies have shown a markedly higher mortality rate among disability pensioners than among non-retired. Since most disability pensions are granted because of non-fatal diseases the reason for the increased mortality therefore remains largely unknown. The aim of this study was to evaluate potential explanatory factors. METHODS Data from five longitudinal cohort studies in Sw...

* The author would like to thank Ljiljana Marušić (Croatian Pension Insurance Institute) for helpful comments during research and Gordana Živec Šašić (Croatian Pension Insurance Institute) for providing data. The author is also grateful to participants of roundtables organized by the Institute of Public Finance and Banka magazine within the project “Pension System Analysis” and participants of ...