Flexible Pension Systems – Postponed Retirement and Distributional Fairness

by Hannu Piekkola
October, 2008

This paper studies how both pension systems and well-being at work can be improved to postpone retirement in European households. Option values for retirement are constructed from a pool of four countries: Finland, Belgium, Germany and Spain, all relying on public-sector mandated pensions. The pooled estimation strategy diminishes the caveats of using an existing institutional … Continued

Social Security and Retirement during Transition: Microeconometric Evidence from Slovenia

by Aleš Ahčan, Sašo Polanec
October, 2008

This paper analyses old-age retirement decisions of Slovenian men and women eligible to retire in the period 1997-2003. In addition to established market economies, relatively high hazard rates of retirement are found, which decline with age. This peculiar pattern can be partly attributed to weak incentives to work inherent in the design of social security … Continued

Social Exclusion of the Elderly: A Comparative Study of EU Member States

by Gerda Jehoel-Gijsbers, Cok Vrooman
September, 2008

Combating social exclusion is one of the key objectives of pension systems. This report focuses on social exclusion among the elderly (defined as the 55+ age group) in the EU’s member states. Social exclusion has been conceptualised as a state of individuals in relation to four dimensions. Two of these dimensions – material deprivation and … Continued

Gender Difference in Retirement Income and Pension Policy – Simulating the Effects of Various DB and DC Schemes

by Michele BELLONI, Elsa Fornero
August, 2008

This analysis evaluates the relative pension positions of men and women, under different characterisations of their respective working lives and pension designs. Both Defined Benefit (DB) and Defined Contribution (DC) schemes are considered, as well as a few variants of their basic pension formula, each exemplifying a stylised normative framework. Not surprisingly, the working career … Continued

Equality of Retirement Benefits Received by Men and Women in Selected European Countries: Childbearing and Future Benefits

by Irena E. Kotowska, Joanna Stachura, Pawel Strzelecki
June, 2008

This research report seeks to answer the question of whether old-age benefit rules for women could be altered with the aim not only of ensuring better benefits for older women but also of stimulating fertility. To address this question, a micro-simulation model has been developed. The input data for the model has been drawn from … Continued

Tax/Benefit Policies and Growth Potential of the EU

by Kari E.O. Alho
May, 2008

The EU has ambitious goals for economic performance. The goals are to be reached in combination with social cohesion and environmentally sustainable development. The main economic policy instruments to be used by the EU member states are taxes and benefits. The economic and political framework for implementing measures in these areas is currently delineated, and … Continued