A key weakness of many retirement income models is that they use average estimates for life expectancy, and …, consequently, provide workers with only a 50 percent chance of having adequate income in retirement. The Employee Benefit Research … wide range of data in order to produce a far more inclusive and refined projection of likely retirement income. In …

There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the … of a public pension system we assume risk-averse individuals who are uncertain about lifetime and disposable income and …

This book investigates several important issues in the economics of aging, including the accumulation of wealth and the … relationship between health and financial prosperity. Examining the changes in savings behavior and investment priorities in the … benefit pensions to employee-controlled retirement savings plans. Further, the legislative reforms of the 1980s and the …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … ; precautionary savings …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … ; precautionary savings …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income …

income and financial position of the German baby-boomers and offers an outlook on their expected social security income. It … turns out that the actual income and financial situation of the German baby-boomers is relatively good: despite having … different cohorts at the same age. Moreover their average and median financial wealth is higher than for earlier birth cohort …