When entering retirement most people face the decision whether they would like their defined contribution account …

risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of … illiquid capital, complementing public retirement provision, reducing the interest-rate sensitivity of pensions and smoothing …Private pension provision faces the challenging task of providing stable income streams during retirement. The …

constructed for revenue and expenditure. They show that the rising number of social benefit earners (pensions, unemployment) is … pension system in a context of uncertainty about profits and productivity and of strong popular support for the protection of …

United Kingdom and the rest of Europe. How governments respond to shifts in saving and in the burden of state pensions is … of the next century the ratio of people of working age to those of retirement age will, in many countries, be only around … one-half the current level. Such dramatic demographic change could have a powerful impact upon saving behaviour in both …

might be direct gainers, and which losers, from a transition to funded state pensions. We estimate what the structure of …

equal pensions for all but different contributions which may or may not increase with the number of children. Additionally … case, pensions are decreasing in the number of children: in the latter case, they are increasing. …

pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity …

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable … cost of living for a consumer who lives for many periods and faces uncertainty. The first contribution of this research is …