, we analyze the financial incentives for working longer and postponing claiming pension benefits and we assess the …Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable … working and living longer on pension incomes in five European countries and assess the impact of these policy reforms on the …

only for the resulting pension composition but also for macro-economic variables such as the wage rate, the interest rate …Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings …, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old …