Rescuing unfunded pensions Suitably amended, unfunded schemes remain a good idea
Unfunded state pension schemes are projected to become financially unsustainable. This is …

История общественно политической дискуссии вокруг пенсионной реформы
приближается к де сятилетнему рубежу. Ее началом можно считать 1995 год—год …

Financing Social Security benefits at current levels implies significant increases in payroll
taxes within the next 20 years under current US demographic developments. Using a …

This paper provides a relatively nontechnical discussion of the effects of shifting from a pay-
as-you-go system of Social Security pensions to a fully funded plan based on individual …

This paper investigates the relation between taxation and the share of self-employed in two
data sets. First, in a panel of OECD countries a strong negative correlation is found between …

Abstract In 1998, the left‐of‐centre government of Hungary carved out a second‐pillar
mandatory private pension scheme from the original mono‐pillar public system. Participation …

The Hungarian public pension system is a defined benefit scheme financed on a pay-as-you-
go (PAYG) basis that has reached a high degree of maturation. Like PAYG schemes in many …

Substituting a fully-funded system for a pay-as-you-go regime provides potential efficiency
gains in factor markets, can contribute to higher saving, and hence could raise growth. But …

We examine whether changes in the degree of pension funding affect economic growth. Our
sample consists of 54 countries, Organization for Economic Co-operation and Development …

A century has passed since Otto von Bismarck instituted the first social-security system in
Germany. Since then, government provision of retirement income has spread around the …