show that as the age-membership structure in a pension scheme matures, scheme-specific longevity selection risk and …

As the level of retirement-related assets has grown, so too has public and private interest in so-called "Socially … patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included …

The complex matrix of retirement policy trade-offs -encompassing elements of paternalism, market failure, and …-funded retirement provision should be means-tested, and if so how, has received limited attention, although it has been highlighted from … economic aggregates. In particular, with a second tier pension in place, it is welfare improving to strictly means-test the …

important driver for this relatively rapid transition of public sector pensions is the broader retirement policy framework in …This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities … associated with benefits promised to public sector employees. Australia’s experience with public sector pensions is unusual …

This article proposes a notional defined contribution (NDC) mechanism to ensure pension mobility for the 150 million … the three existing pension systems. An appropriately structured NDC plan of this type is shown to be viable by reference … barriers for migrating workers, increase the retirement benefit for mobile workers, and reduce the future government liability …