This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity … complexity, we provide the first causal evidence that increasing the complexity of the annuity choice reduces respondents …' ability to value the annuity, measured by the difference between the sell and buy values people assign to the annuity. We also …

Radical changes have been implemented to pension schemes across the UK public sector from April 2015. This paper … simulates how these changes will affect the lifetime pension and how the negotiated pension changes compare across six public … sector schemes by level of education. Specifically, we simulate the occupation specific Defined Benefit (DB) pension wealth …

this, I evaluate pension reforms in Soviet Russia in 1964 and 1969 that allowed pensioners to receive a greater share of …

This paper assesses the impact of a dramatic reform of the Dutch pension system on mental health, savings behavior and … later face a substantial reduction in their pension rights while workers born before this threshold date may still retire …. -- Mental health ; retirement ; pension reform ; causal effect …