Using a model where households can save in either a safe asset or in an illiquid, tax-advantaged pension, we assess the extent to which those who recently reached the state pension age in the UK have saved optimally for retirement. The policy environment specified closely matches that prevailing...

Angesichts der gesellschaftlichen Alterung ist es aus volkswirtschaftlicher Sicht unabdingbar, ältere Menschen stärker in das Wirtschaftsgeschehen zu integrieren, einerseits um dem sich abzeichnenden Fachkräftemangel bei Jüngeren entgegenzuwirken, andererseits um den Sozialstaat zu...

In order to respond to the social security needs of an increasingly aged population, many governments with limited budgets are required to focus available resources on the direct causes of people's anxieties about aging. This study investigated the causes of people's anxieties about life after...