Many countries all over the world have been facing the problem of deteriorating demographics, forcing reforms of the pension system model as well as its main parameters. An important perspective of the assessment of the financial sustainability of a pension system is the division of current GDP...

Many OECD governments have enacted, or are contemplating, future increases in statutory pension ages, sometimes provoking vociferous political opposition. Empirical cross-country estimation work consistently finds that coefficients on statutory pension ages are positive and highly statistically...

In common with other OECD countries, the UK experienced more than two decades of declining labour-market activity among older men from the 1970s to the early 1990s, a trend that has only recently shown signs of being reversed. Retirement decisions are heavily shaped by institutional context and...