We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

The present paper aims to quantify the macroeconomic and welfare effects of taxfavored retirement accounts. Starting … insurance properties of the policy reform. Our simulations indicate that tax-favored retirement accounts as implemented in many …

deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …