Replacing the pay-as-you-go defined benefit (PAYG DB) system with an at least partially
funded defined contribution (DC) system generates fiscal costs that need financing. The …

Reforming social security can improve efficiency and reduce future fiscal strain, emerging
with the rising old-age longevity. However, it generates transitory fiscal cost and reduces …

We present a novel approach to public pension systems by introducing a new class of non-
linear means tests, encompassing conventional linear pension systems. Our framework …

Asia and the Pacific has the most diverse regional pension landscape globally. Yet the
region's pension systems are facing common challenges as they attempt to expand …

Replacing the pay-as-you-go defined benefit (PAYG DB) system with at least partially
funded defined contribution (DC) system generates a fiscal costs which need financing. The …

Pension system reforms involve fiscal consequences. In practice, a variety of fiscal closures
may be implemented, while not all of them involve the same extent of distortions. This paper …

We study the interactions between capital income tax and social security privatization in the
context of rising longevity. In an economy with idiosyncratic income shocks, redistributive …

Asian economies are among the world's most rapidly ageing. The People's Republic of
China (PRC), Indonesia, Thailand, and Viet Nam are expected to have the same total …

Typical retirement income systems across the developed world comprise multiple pillars with
(1) some form of welfare poverty alleviation payment, sometimes part of a non-age related …

In this thesis I present three essays that each investigate an aspect of public policy
concerning retirement incomes. I begin with an investigation into how a means-tested age …