An Introduction to Pensionomics

This paper introduces Pensionomics, a new concept that examines retirement within a multidisciplinary context. In particular, the overall assessment of pension performance is based on historical analysis, incorporating non-economic variables with significant impact on economic growth and social development. The Pension Consistency (PC) Index consists of 9 main-variables and 50 sub-variables to identify pension scheme consistency levels. Study findings indicate that the inclusion of qualitative variables reveal unprompted and unbound input about the long-term prospects of pension schemes. Policy directions are also discussed