In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities. Actuarial neutrality across generations is presented as a benchmark for designing pension reforms to meet the challenges of population ageing. It is shown that this condition can be respected by a wide range of pension reforms, with very different consequences for public finance target setting. The rules for public pensions in national accounting are also discussed. Finally, the combined effects of population ageing and public pension rules on national saving are discussed.pensions, actuarial neutrality, public debt, national accounts, Oksanen
This thesis deals with the sustainability of unfunded public pension systems in the context of popul...
Reforms of the public pension systems are on top of the European policy agenda. Current costs are hi...
This paper investigates the steady state and dynamical effects of two historical alternatives as a m...
In welfare states, collective saving has declined to a persistently negative level, while reduced fe...
This paper studies saving in an economy where decline in fertility to a permanently lower level and ...
The paper incorporates intergenerational fairness into a framework to analyse long-term sustainabili...
A key figure which can be applied to measuring inter-generational imbalances involved in existing pu...
The paper examines pension reforms under ageing. With stylised facts, ageing is traced to low fertil...
This paper explores how the Stability and Growth Pact may cope with the future costs of population a...
Actuarial neutrality across generations applied to public pensions under population ageing: effects ...
This paper aims to address the issue of public pension reforms under demographic ageing that is like...
This paper investigates time consistent policies and reforms of intergenerational transfers. If the ...
Reforms of the public pension systems are on top of the European policy agenda. Current costs are hi...
This paper explores how the Stability and Growth Pact may cope with the future costs of population a...
Declining fertility and increasing life expectancy put pressure on the financing of social security ...
This thesis deals with the sustainability of unfunded public pension systems in the context of popul...
Reforms of the public pension systems are on top of the European policy agenda. Current costs are hi...
This paper investigates the steady state and dynamical effects of two historical alternatives as a m...
In welfare states, collective saving has declined to a persistently negative level, while reduced fe...
This paper studies saving in an economy where decline in fertility to a permanently lower level and ...
The paper incorporates intergenerational fairness into a framework to analyse long-term sustainabili...
A key figure which can be applied to measuring inter-generational imbalances involved in existing pu...
The paper examines pension reforms under ageing. With stylised facts, ageing is traced to low fertil...
This paper explores how the Stability and Growth Pact may cope with the future costs of population a...
Actuarial neutrality across generations applied to public pensions under population ageing: effects ...
This paper aims to address the issue of public pension reforms under demographic ageing that is like...
This paper investigates time consistent policies and reforms of intergenerational transfers. If the ...
Reforms of the public pension systems are on top of the European policy agenda. Current costs are hi...
This paper explores how the Stability and Growth Pact may cope with the future costs of population a...
Declining fertility and increasing life expectancy put pressure on the financing of social security ...
This thesis deals with the sustainability of unfunded public pension systems in the context of popul...
Reforms of the public pension systems are on top of the European policy agenda. Current costs are hi...
This paper investigates the steady state and dynamical effects of two historical alternatives as a m...