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This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a larger project run by the IFS in partnership with the abrdn Financial Fairness Trust, which is examining the future of financial security in retirement. Understanding patterns of...
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Retirement brings with it the promises of leisure and freedom as well as the risks of boredom and isolation. When retirees rid their schedules of anything resembling the kinds of obligations that once had been imposed by work, they will experience a sometimes-uncomfortable absence of structure....
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wealth of the sponsor, government, and 16 age cohorts of members, deferred pensioners and pensioners. Second, we measure the …
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pension participation, pension wealth, projected retirement income, and replacement rates attributable to past service, by …. Defined contribution (DC) wealth is simply the current account balance. DC income is calculated by projecting current plan …) wealth and income are calculated by apportioning projected benefits to past and future service.This paper found that …
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States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …
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