little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …

improvements in wellbeing arising from the provision of public pensions. To the extent households adjust their savings and … indicate smoothing of consumption through savings or other mechanisms. Finally, our limited happiness measures show no …

decision. We investigate the removal of marriage penalties from the surviving spouse pensions of the Canadian public pension …