The purpose of this paper is to demonstrate the differences between the commonly used Monte Carlo simulations that assume a static withdrawal based on a fixed mortality period and initial capital, versus the use of Monte Carlo simulations that re-estimate withdrawal amounts utilizing period life...

Two-thirds of pension reforms in OECD countries in the last 15 years contain measures that will automatically link future pensions to changes in life expectancy. This quiet revolution in pension policy means that the financial costs of longer lives will be shared between generations subject to a...

Two-thirds of pension reforms in OECD countries in the last 15 years contain measures that will automatically link future pensions to changes in life expectancy. This quiet revolution in pension policy means that the financial costs of longer lives will be shared between generations subject to a...

The rise in life expectancy increases the likelihood that the proportion of the population living to an age at which their means will be exceeded and exposes the states and numerous institutions to an important longevity risk. The stakes are the optimal management of this social risk. Economic...

The intergenerational transfer of care is an altruistic but costly behavior. The paper uses a bivariate utility of own wealth and the dependent's health to examine a two-choice problem of saving and care-giving in a two-period prevention framework. A caregiver considers the tradeoff not only...

A great deal of concern has now been expressed about the authoritarian population control policies adopted by Asian countries such as Vietnam, India, and particularly China. Many of these autocratic policies and certainly the Chinese "one child policy" have failed in part because the framers of...

Recently, Batabyal (2003) has suggested an unconventional population control policy that is sensitive to the cultural desire for male progeny in many Asian nations. Although Batabyal's (2003) suggested policy is culturally sensitive, a potential difficulty with this policy is that the total size...

Recently, Batabyal (2003) has proposed an unconventional population control policy that is sensitive to the cultural desire for male progeny in many Asian nations. Although Batabyal's (2003) proposed policy is culturally sensitive, a potential problem with this policy is that the aggregate size...

A considerable amount of concern has now been expressed about the authoritarian population control policies adopted by Asian countries such as Vietnam, India, and particularly China. Many of these autocratic policies and certainly the Chinese one child policy have failed in part because the...

Population ageing will be the dominant feature of the world's demographic landscape in the coming decades, raising concerns about labor productivity and about economic outcomes at both the individual, enterprise, and macro levels. The articles in this special issue of Labour Economics define and...