The fraction of the population over age sixty-five in many developed countries is projected to rise, in some cases sharply, in coming decades. This has drawn growing interest to research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid...

Intro -- Contents -- Preface -- Introduction / David A. Wise and Richard Woodbury -- 1. Trends in Pension Cash-Out at Job Change and the Effects on Long-Term Outcomes / Philip Armour, Michael D. Hurd, and Susann Rohwedder -- Comment: James M. Poterba -- 2. Liquidity in Retirement Savings...

Over the last few decades, inequality has been decreasing sharply between countries. However, a person’s country of birth still determines more than half the differences in his or her income. This publication puts the spotlight on the catalyst behind inequality. It argues that the...