Pension benefit rules depend on individual history far more than taxes do, and age plays a much larger role in pension determination than in tax determination. Apart from some simulation studies, theoretical studies of optimal tax design typically contain neither a mandatory pension system nor...

"For nearly seventy years, the military retirement policy remained unchanged-requiring retirees to serve twenty years in order to receive the military's highly desirable, traditional, defined-benefit pension. How has it remained so durable for so long, and what needs to change as the military...