Reforming pensions in a fiscally and socially sustainable way is a central issue in developing and developed countries alike. This report, produced in collaboration by the OECD and the World Bank, addresses some of the key questions underlying the debate and provides the basis for a new,...

As the U.S. Population ages, retirement is becoming an increasingly important life stage. Pension and retirement plans are crucial to the financial well-being of older citizens and key determinants of their standard of living. Many varieties of pension plans are currently offered, and employers...

We evaluate the impact of Financial Accounting Standard 132 by measuring how well its required asset allocation information predicts next year's pension returns. We compare the predictive capability of several different models, including Sharpe's style model and survey data by Pensions &...

Intro -- Contents -- Preface -- Introduction / David A. Wise and Richard Woodbury -- 1. Trends in Pension Cash-Out at Job Change and the Effects on Long-Term Outcomes / Philip Armour, Michael D. Hurd, and Susann Rohwedder -- Comment: James M. Poterba -- 2. Liquidity in Retirement Savings...

Front Matter -- Contents -- Acknowledgments -- Executive Summary -- 1 Introduction -- 2 Considerations in Retirement Income Projections -- 3 Key Research Issues -- 4 Data Needs -- 5 Development of Projection Models -- 6 Furthering Coordination for Data Collection, Research, and Modeling --...

Assessing Knowledge of Retirement Behavior -- Copyright -- Preface -- Contents -- 1 Introduction -- INCOME AND WEALTH OF OLDER AMERICAN HOUSEHOLDS -- LABOR SUPPLY BEHAVIOR -- PERSONAL SAVING BEHAVIOR -- EMPLOYER BEHAVIOR -- MORTALITY, HEALTH STATUS, AND HEALTH CARE COSTS -- A FRAMEWORK FOR...

Do your clients have any idea of what they can/should spend in retirement? Do they know what they need to do to optimize their retirement spending? How can you protect a spouse from the drop in social security if a client dies early? Why is it likely that buying insurance or buying a fixed...

Analyses in the Economics of Aging summarizes a massive amount of new research on several popular and less-examined topics pertaining to the relationship between economics and aging. Among the many themes explored in this volume, considerable attention is given to new research on retirement...

Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to...