This paper examines several aspects of Israel's restructured retirement benefits system, focusing on distributive … Allowances program's contributions and disbursements on the lifetime income distribution, net replacement rates at retirement and … loss for many low-income households, unsmooth their consumption and lead to "too high" post-retirement net replacement …

reforms for a fixed retirement age distribution. The behavioral effect accounts for the endogenous change caused by changes in …

nonredistributive plan that accounts for differences in mortality, US Social Security reduces regressivity from longevity differences …

indexation affects the trade-off between insurance and distribution when groups with different mortality are separated or pooled …