include the bequest motive. We also analyse welfare by calculating the equivalent wealth in different contexts: the …-called market imperfections, and the inclusion of the hypothesis that the individuals already have part of their wealth in pre …

equivalent wealth in various contexts: the possibility of access to actuarially fair annuity markets, the inclusion of so …-called market imperfections, and the assumption that couples already have part of their wealth in pre-existing lifetime annuities …

When it comes to retirement income policy, there is a general perception that workers have full 40-year working careers …

We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …

biographies through sabbaticals, smoothing into early retirement, educational leave, palliative leave, part-time jobs or temporary …

This paper investigates the quantitative importance of different savings motives on the distributions of wealth and …

population towards older, less participating groups - a consequence of the baby-boom generation approaching retirement and the …