Many countries, in an effort to address the problem that many retirees have too little saved
up, impose mandatory contributions into retirement accounts, that too, in an age …

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

Within the frame of the Nordic welfare model, pension system design has taken very different
routes. While the overall aims in terms of distribution and replacement rates are similar, the …

We analyze the effects of increasing the retirement age in two economies with overlapping
generations and within cohort ex ante heterogeneity. The first economy has a defined …

A classic result in dynamic public economics says that for a dynamically efficient overlapping-
generations economy, there is no long-run welfare role for unfunded, pay-as-you-go (PAYG) …

How should pensions be taxed? In many cases pension savings are usually taxed more
leniently than other forms of savings. What is the rationale for this? And are those concerns …

This paper shows how mandating workers to save more for retirement can lead them to work
informally and save less. Consider a worker who is more productive in the formal sector but …

This paper studies efficient tax policies in Ramsey's tradition when consumers face
temptation and self control problems in intertemporal decision making. We embed the class …

We investigate the effects of self-control preferences on household life cycle decisions,
macroeconomic outcomes, and the roles they play in determining optimal means testing of …

One of the main components of the so-called welfare states is Public Pension Systems,
whose analysis provides an image of a country's politics, economy, demographics and …