We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a … to a 2-month delay in age at death (censored at 75). Survey evidence suggests that additional pension income improves …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …

pension reform. The total population is forecast to increase from 38.5 mln to 40 mln, and then fall to around 37 mln in the …