scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …

Governments are increasingly concerned about the capacity of pensions systems to meet demands in the coming years … well-informed about pensions. However, there are many reasons to believe that individuals may not be well-informed due to … the complexity of pensions systems and degrees of myopia. In this paper, we assess levels of knowledge of pensions using a …

contribution-benefit link and life expectancy-indexed retirement age. All of this calls for mechanisms that neutralize or at least …

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 …

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …

assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male ….We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …

scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …

This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …

to offer individual retirement accounts, similar to defined contribution plans. How likely to participate are workers who …