system. The main findings are as follows. Firstly, the redistribution of income among individuals makes the PAYG system an …

We are interested in defining the optimal retirement age by socio-economic class, given a Defined Benefit and a … Notional Defined Contribution scheme. We firstly implement a utilitarian framework. Depending on the risk aversion coefficients …. Therefore, we provide an alternative based on two accounts. We look for the retirement age allowing the accumulated value, at …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for … people to retire prematurely. To this end, countries have adopted alternative retirement age strategies, but our analyses …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for … people to retire prematurely. To this end, countries have adopted alternative retirement age strategies, but our analyses …