How much retirement income is needed in order to maintain one’s living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …

mortality process. Individual agents choose their optimal retirement age, taking into account the time- and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions …

The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly …, many studies of migration¡¯s impact on pensions often focus on aggregate outcomes ¨C system sustainability or distributive … systems ¨C with a focus on retirement. The paper argues that such effects are non©\negligible and are likely to have major …

supply decision and 3) accounts for contributions-defined pensions of the US social security system. With these more …

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

Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is …