Governments are increasingly concerned about the capacity of pensions systems to meet demands in the coming years. According to the OECD, one part of the policy response in many countries will be greater private provision on the part of individuals through occupational and other pension...

Background: The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a low level, it might trigger a pensions crisis. Since the average life span of the Chinese has extended from 71 to 76 years old in last ten years, the feasibility of rising the...

Do workers value retirement benefits? We find that dollars paid in employer contributions to 401(k) plans have double the effect on a firm's recruiting success, relative to wage dollars. The effect is driven by higher-income and higher-age occupations. We use two novel instruments for...