pension reform

Publication date: 11 Aug 2016 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | External authors: Werding, M | JEL classification: E27, G28, H55, J11, J26 | NIESR discussion paper number: 463
Responding to the challenges of demographic ageing, the German system of old-age provision has undergone substantial changes during the last two decades and is in fact still under reconstruction. Benefit levels deriving from the public pay-as-you-go scheme will decline until 2060, while...
Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Vogt, V, Althammer, J | JEL classification: H55, J10 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
In times of decreasing mortality, one way to stabilise a PAYG pension system is to interrelate the retirement age to the anticipated average lifespan. This paper investigates two approaches for Germany: one is to keep the average retirement duration constant, the other to define a constant share of...
Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Werding, M | JEL classification: E27, G28, H55, J11, J26 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
Responding to the challenges of demographic ageing, the German system of old-age provision has undergone substantial changes during the past two decades and is in fact still under reconstruction. Benefit levels deriving from the public pay-as-you-go scheme will decline until 2060, while...
Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Britain & Finance | External authors: Disney, R | JEL classification: H55, J32, G22 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
This paper considers the evolution of the UK’s pension programme in the light of various stated rationales for public intervention. It argues that the publicly-provided (tax-financed) pension programme has gone through four distinct stages since 1946. It examines some of the issues that have arisen...