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pension system
The rate of return on capital for pension system in China
      
The present pension system in Russia: Funding and regulations
      
We also study the interactions between a pay-as-you-go pension system and demographic disturbances.
      
Next, a pay-as-you-go financed state pension system is introduced.
      
In this paper, the impact of the West German pension system on the retirement decisions of elderly citizens is analyzed within the framework of a discrete-time hazard rate model deduced from a micro-economic decision rule.
      
Policy simulations based on the estimates reveal that the probability of early retirement can be reduced significantly by appropriate changes in the pension system.
      
Pareto improving transition from a pay-as-you-go to a fully funded pension system in a model of endogenous growth
      
(1998) propose a transition from a pay-as-you-go (PAYG) pension system to a system of savings-subsidization.
      
It turns out that the various reforms, which scale down the public non-actuarial pension system, lead to increases in the retirement age and steady-state welfare gains for all income classes.
      
In this paper we provide an account of most of the passive labor market policies (unemployment compensation, social assistance, state social support and the pension system) in the Czech Republic during the 1990-1996 period.
      
Within this framework, we consider how contribution rates to the pension system influence the level and time path of the unemployment rate.
      
Using a life-cycle model in which individuals differ by age and by wage, we analyze the outcome of a majority voting process on the legal retirement age in a Pay-As-You-Go pension system.
      
Additionally, we find that the preferred legal retirement age of most of the working population increases when the pension system is more redistributive.
      
The paper examines the intergenerational impact of the Spanish public pension system after the 1997 Pension Reform Act.
      
Finally, a move toward a partially funded pension system which restores the intergenerational balance is simulated.
      
The family support system and a non-contributory pension system have helped overcome some of the negative effects.
      
Various sets of demographic and pension scenarios are formulated for the projections, dealing with changes in demographic, labour force and pension system variables in the future.
      
The sensitivity analysisfocuses on two variables: assets of the private pension system and thebalance of the public `Pay As You Go' pension system.
      
Since 1999 the complex reform of the old-age pension system was introduced in Poland and the process of changes is still ongoing.
      
The evolution of pension system naturally poses questions concerning how the savings and saving behaviour are perceived in the Polish society during economic transformation.
      
 

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