Social Security benefits comprise the most important source of income for people aged 65 and over. However, changes in the last decades in employer-provided pensions, Social Security program, and societal changes may have altered the composition of income sources among the elderly. Some...

During the last few decades, the composition of the Thai population has changed dramatically due to reduced fertility and the aging of the population. Thailand's aging society faces many challenges. This is particularly so for older Thai people who still have to work for a living due to...

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Family and intergenerational relationships are becoming increasingly important as sources of support and care for the elderly population in the rapidly aging Asian societies. However, this has also raised concern over the reinforcement of cultural preferences for sons as a source of old-age...

We review the evidence on decision making in complex choice situations—i.e., situations where there are many alternatives and/or where attributes of alternatives are difficult to understand. We focus on choices about health insurance, health care, and retirement planning, all of which are very...

Past research on the topic of sustainable withdrawal rates has primarily focused on longer distribution periods which apply to younger age retirees.A structural problem with pensions, annuities, and first generation "safe withdrawal rate" is a disconnect of benefits paid (fixed or fixed with...

We investigate the relationship between ageing, cognitive abilities and retirement using the Survey on Health, Ageing and Retirement in Europe (SHARE), a household panel that offers the possibility of comparing several European countries using nationally representative samples of the population...

We investigate the relationship between ageing, cognitive abilities and retirement using the Survey on Health, Ageing and Retirement in Europe (SHARE), a household panel that offers the possibility of comparing several European countries using nationally representative samples of the population...

In summer of 2013, the Office for National Statistics (ONS) reported a record of more than one million people aged 65 or more being in employment in the UK. This represents a doubling relative to 1992 (when ONS began recording this statistic) and means almost one in ten people aged over 65 are...

Research has shown that survey-reported pension and retirement income measures may suffer from reporting errors, which lead to biased estimates of income and poverty of the aged population. In this paper, the authors evaluate income estimates from the Census Bureau’s 2016 Current Population...