We examine the future benefits of the Israeli privatized pension system, which is considered as a model of transition … to funded pension systems worldwide. This research is based on an extensive database obtained from one of the largest … life in old age. Israel's radical privatized pension model signals a warning to other nations. We show that, even with high …

utility-maximizer affiliate participating in a defined-contribution pension fund under the system of individual accounts. We …

also. The paper discusses latest developments of retirement pension systems in Europe and state involvement in private pen …, possibilities to achieve the objectives of pension reforms are analysed - diversification of income at retirement. Third part of the …Pension systems around Europe are being reformed for several decades already. Main objectives of the reforms are to …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows … types of the pension systems. …