Vor dem Hintergrund der Reformen des Rentensystems zeigt sich dieNotwendigkeit zur Förderung der freiwilligen zusätzlichen Altersvorsorge sowohlaus sozialpolitischer als auch aus individueller Sicht. Dabei spielenpsychologische Faktoren wie die Bereitschaft zur privaten Altersvorsorge...

Nach dem neuen Alterseinkünftegesetz1, das auf dem Konzept der Rürup-Kommission beruht,soll die Alterssicherung nach dem sog. „Drei-Schichten-Modell“ erfolgen2. Demnach besteht dieAlterssicherung aus der Basisvorsorgung (1. Schicht), der Zusatzversorgung (2. Schicht) undden Kapitalanlagen...

In this paper, the extent and determinants of coverage in the Swiss occupationalpension scheme (second pillar) and private savings scheme (third pillar) are analysed withdata from the Swiss Labour Force Survey. Estimates for coverage in the second pillar (whichis income-dependent) has, in total,...

Drastic demographic changes in Japan have forced Japanese municipalitiesto seek ways to prevent further shrinking. One strategy initiated by severaltowns and cities is to attract retirees. Due to recent changes in elderly people’slifestyles, it is not unreasonable to opt for this strategy:...

Life annuities provide a guaranteed income for the remainder of the recipi-ent’s lifetime, and therefore, annuitization presents an important option whenchoosing an adequate investment strategy for the retirement ages. While thereare numerous research articles studying annuities from a...

Many countries around the world have large public pension programs. Traditionally, these programshave been used to induce retirement by the elderly in order to free up jobs for the young andto redistribute income across generations. This paper provides an efficiency rationale for the...

CII Introduction: People are living longer and with this come increased costs of pensions, health and social care. Is the financial services industry as it is currently configured capable of supporting consumers in this difficult environment? How will it meet the needs of those who are often...

This article, based on two books (Barr and Diamond 2008, forthcoming), sets out a series of principles for pension design rooted in economic theory: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be framed in a second-best...