contributions into retirement accounts, that too, in an age-independent manner. This is puzzling because such funded pension schemes … effectively mandate the young, who wish to borrow, to save for retirement. Further, if agents are present-biased, they disagree … with the intent of such schemes and attempt to undo them by reducing their own saving or even borrowing against retirement …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …