Despite substantial increases in longevity, the age of retirement in the industrialized countries has steadily fallen throughout most of the 20th century. In France, for instance, the employment-population ratio of 55-64 year-old males fell from 74% in 1970 to 38.5% in 2000. In most other OECD...

This is a dramatic title but after all this is a dramatic story. The total collapse of a country's financial system and in the wake its currency is no small matter. This is the story of the Icelandic banking crisis: An unprecedented event that occurred in Iceland the last days of September and...

This paper documents the lifetime costs on individual accounts and investment plans for a typical worker in Iceland using typical wage profiles and information on current charges obtained from the providers. The charge ratios calculated imply that costs at a current cost basis on individual...