of the processes generating income, social security wealth, retirement and consumption behaviour of households, and …

pension plans, which mostly leave to the worker the choice between ashing-in or annuitizing pension wealth at retirement …

Technological progress affects early retirement in two opposing ways. On the one hand, it increases real wages and thus … produces an incentive to postpone retirement. On the other hand, it erodes workers' skills, making early retirement more likely …. Using the Health and Retirement Study surveys, we re-examine the effect of technical progress on early retirement, finding …

increase workers' retirement wealth. Data show that returns on supplementary pension funds may be greater than the revaluation … retirement wealth held in pension funds a degree of flexibility comparable to that of the Tfr. The paper shows that scale … essential in stimulating competition and allowing workers to move freely from expensive retirement schemes to schemes charging …

standard of living in retirement. On the other hand, the fall in equities in the period 2000-02 highlighted the fact that one …