Sweden’s new multi-pillar pension system includes a system of mandatory fully-funded individual accounts. The Swedish system tries to keep administrative costs down through centralized management of the collection of contributions, switching among fund options, and record-keeping and...

Opt-out pensions pose many difficult design and implementation issues. The U.K. experience suggests several valuable lessons for U.S. policymakers. First, complex interactions between public and opt-out pensions may create confusion among workers, leading to both discontent and demands for...

As the baby-boom generation enters retirement, a long-forecast funding crisis of the U.S. Social Security system is about to become a reality. Many other high-income countries are faced with similar financial problems within their public pension systems. Some of those countries have adopted...