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

Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts … retirement plans. Three major findings are derived in our study: First, we quantify the commitment effect of social security for …

mandatory annuitization of accumulated PSA wealth at retirement is welfare enhancing, and if so, for what type of individuals … accumulate retirement wealth faster through PSAs, and finally, requiring some level of annuitization of this wealth appear …

with five margins of labor supply: labor market participation, hours worked, job search, retirement, and on … retirement age to 68 years, may limit the tax increases to 4 percentage points of value added tax and reduce the decline of per …

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 …