When the challenges of population aging are being debated, the uncertain future of pension
systems is a topic of high priority and large controversy. The aim of this chapter is not to …

We study the effects of pension reform on hours worked, human capital, income and welfare
in an open economy populated by four overlapping generations: three active generations …

This paper illustrates that the equity–efficiency trade‐off between a redistributive,
Beveridgean, pension system and an earnings‐based, Bismarckian, scheme can collapse …

Pension systems have been expecting projected deficits and governments have been under
pressure to increase the statutory retirement age. Fully funded pension system pillars have …

We analyze the consumption and wealth inequality in an OLG model with mandatory
pension systems. Our framework features within-cohort heterogeneity of endowments and …

We quantify the importance of endogenous human capital and of selection effects for
counterfactual analysis of social security (SS) reforms. The literature typically performs these …

This paper evaluates alternative reforms of the public pension system in an overlapping
generations model for an open economy facing demographic change. We make progress …

This study examines the role of livelihood assets, including human capital (HC), information
capital (IC), and social capital (SC), in farm household welfare (HW). Additionally, this …

Explaining cross-country differences in current accounts is difficult. While pay-as-you-go
pensions reduce the need to save for retirement, contributions to capital-funded pensions …

In the absence of behavioural adjustments, demographic change may cut off about 0.4%-
point on average from the annual per capita growth rate in the next 25 years. The …