This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...

This chapter analyzes the structure of demand for retirement products in Sweden using both aggregate and individual data. We show that all occupational groups except white collar workers are more likely to choose a 5-year withdrawal rather than a life annuity, as are women and those with less...

La reforma del sistema de pensiones europeo parte de diferencias de ingresos relativamente bajas, debidas parcialmente a la alta cobertura del sistema. En América Latina persisten los problemas de informalidad e insuficiente cobertura, y la desigualdad de ingresos es elevada. Aun así, ambas...

This study analyses the development of the economic well-being of the elderly in Sweden since 1990 - a period characterized by increased influence from the financial market and extreme economic events - using data from the Household Income Survey. The elderly were not isolated as pensions were...