The share of Americans with defined contribution pension plans now exceeds the share of those with defined benefit plans. Wolff refers to this as the "great transformation" and it leads him to examine recent evidence to see whether there are winners and losers resulting from this switch away...

Muir and Turner gather an international roster of pension experts who present what they think would be the ideal pension systems for their countries and why. Those countries include the United States, the UK, Ireland, Denmark, Germany, Belgium, France, Switzerland, Poland, and Japan.

Sass discusses the evolution of the U.S. Railroad Retirement System and whether its ability to invest its assets in private equities offers answers for the long-term fiscal health of Social Security.

The authors explore whether equities could help solve the woes facing the U.S. retirement system in general, and the Social Security shortfall in particular.

In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland’s 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by estimating “difference-in-differences”...

In this comprehensive review of private pension systems in effect world-wide, Turner and Watanabe discuss the fundamental issues facing nations as they adopt and expand private pension systems including: the degree of privatization, tax policy, risk and insurance from risk, pension financing,...