in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would …

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

delays if, by delaying benefits, people received a lump sum instead of an annuity. We predict that current early claimers …

In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on … we first show how many progressive pension systems are ex ante regressive due to the difference in life expectancy across … skill groups and, second, we derive the level of progressivity that restores an equal treatment of the pension system across …