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Economics of Ageing

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Pension reform and wealth inequality: Theory and evidence

Published: September 6, 2024 00:00

A growing literature explores reasons for rising wealth inequality, but is mostly silent on the role of pension systems despite their well-understood influence on life-cycle savings. This paper develops a simple life-cycle model to lay bare the primary…

Can optimal unfunded public pensions co-exist with voluntary private retirement savings?

Published: September 5, 2024 00:00

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) pensions. Subsequently, the literature has shown that if agents are…

SOWELL: Social dialogue in welfare services: National report: Slovakia

Published: August 31, 2024 00:00

The report was prepared within the SOWELL project focused on social dialogue in care services and co-financed by the European Commission DG Employment, Social Inclusion &Affairs (VS/2020/0242). The report presents the Slovak employment relations, working…

SOWELL: Social dialogue in welfare services: National report: Hungary

Published: August 31, 2024 00:00

This report seeks to understand how care services in Hungary have been affected by the increasing demand for the services over past decade on the one hand, and by the austerity measures as an aftermath of the economic crises starting in 2008 on the other…

CBO’s 2024 Long-Term Projections for Social Security

Published: August 28, 2024 00:00

In CBO’s projections, spending for Social Security rises from 5.1 percent of gross domestic product (GDP) in 2024 to 6.7 percent in 2098. Most of that increase occurs over the next decade, as the baby boom generation retires. After that, outlays for…

Ageing smallholders and passive successors in Indonesia’s oil palm sector

Published: August 27, 2024 00:00

Smallholders play an important role as producers of cash-crops in developing countries and are often responsible for land clearing and agricultural expansion into pristine environments where productivity is low. Closing yield-gaps of smallholders to…

Black-White Mortality Crossover: New Evidence from Social Security Mortality Records

Published: August 23, 2024 00:00

The Black-White mortality crossover is well-studied demographic paradox. Black Americans experience higher age-specific mortality rates than White Americans throughout most of the life course, but this puzzlingly reverses at advanced ages. The leading…