capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations … model to illustrate the channels through which demographic variables and pension system generosity interact to affect both … demographic change and pension reform. We find that the generosity of the pension system plays an important role in determining …

change in the Swedish pension system that highlighted a five-year payout on the expense of a life annuity not only increased …

We study the effects of two exogenous modificationsin the Swedish pension system application formnudgingindividuals … towards a fixed-term payout.Meanwhile, the set of available options and the default option-life annuity -were unchanged during …

This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity … complexity, we provide the first causal evidence that increasing the complexity of the annuity choice reduces respondents …' ability to value the annuity, measured by the difference between the sell and buy values people assign to the annuity. We also …