dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …

’ income, assets and debt for all taxpayers in the country. Using difference-in-differences, we find that households do not …

This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future. …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement … that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different … of return and income risks and also upon the actuarial fairness of annuity contracts. …

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life … expectancy magnifies the negative effect on the lifetime utility of those who suffer low longevity. Furthermore, when the income …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …, and the capital-income ratio. It follows that the pension composition in general and social security in particular is …

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 …