The analysis in the Report of the Pensions Commission (UK Pensions Commission2004, henceforth referred to as the Report), is sound, the data a wonderful treasure trove, thepresentation particularly clear, and the diagnosis correct. This comment takes the Report’sanalysis as given, and sets out...

This paper analyses the proposals contained in the Government GreenPaper, A New Contract for Welfare: Partnership in Pensions for low paidworkers and the potential of the new rules to guarantee a decent incomein old age. It discusses the general principles inherent in the design ofthe British...

Private wealth holdings are likely to become an increasingly important determinant in the jobexit decision of elderly workers. Net wealth may correlate with worker’s characteristics thatalso determine the exit out of a job. It is therefore important to include a rich set of...

In this paper we document the importance of framing effects in the retirement savingsdecisions of college professors. Pensions in many post-secondary institutions are funded bya combination of an employer contribution and a mandatory employee contribution.Employees can also make tax-deferred...