The Telangana Government has introduced AASARAPension scheme on 8th November 2014 with enhancing themonthly pension from Rs. 200 to Rs. 1000 for the old aged,widows, weavers, toddy tappers and AIDS patients and Rs.500 to Rs. 1500 for Differently Abled Persons (DAPs). From 1stApril 2017, the...

This paper investigates the effect of private pensions on the retirement wealth distribution. The model incorporates stochastic private pension coverage into a lifecycle model with stochastic earnings. The predictions of the calibrated model are compared to the distribution of retirement net...

This paper surveys the evolution of the Canadian pension system to provide possible ideas for pension reform in Russia. Particular emphasis is placed on the Canadian voluntary, tax assisted retirement savings plans. Such plans can be used as an incentive mechanism to draw savings into the...

Rich people, women, and healthy people live longer. We document that this heterogeneity in life expectancy is large, and we use an estimated structural model to assess its effect on the elderly's saving. We find that the differences in life expectancy related to observable factors such as...

The Department for Work and Pensions (DWP)’s Pensim2 model is a dynamic microsimulation model. The principal purpose of this model is to estimate the future distribution of pensioner incomes, thus enabling analysis of the distributional effects of proposed changes to pension policy. This paper...

This paper explains the methodology used for calculating pension wealth for all individuals in the first wave of the English Longitudinal Study of Ageing (ELSA). We focus on the pension wealth of individuals aged between 50 and the state pension age. Both state and private pension wealth has...