Child benefits are never explicitly included in pension systems, although mothers often receive other forms of compensation, such as provisions for earlier retirement or higher pensions. There are good reasons … Read more
Pay-as-you-go (PAYGO) pension systems are problematic: commitments are meant to be long term, but reality changes rapidly, which forces a frequent revision of rules. Gustavo De Santis suggests an alternative … Read more
NDC (notional defined contribution) schemes are commonly believed to be the best kind of pay-as-you-go (PAYG) pension systems: actuarial equity and individual flexibility in accessing retirement are their main strengths. … Read more
A growing body of research has suggested that one way to preserve cognition in later-life is to delay retirement and continue to work into the later years. Irene Mosca and … Read more
Pay-as-you-go (PAYG) pension systems are frequent in OECD countries, usually in combination with some form of funding (OECD 2014, 2015), and they have been very extensively studied. But their reputation … Read more