New research finds that pension plans are a far more cost-efficient means of providing retirement income as compared to individual defined contribution accounts.The study calculates that the economic efficiencies embedded in defined benefit (DB) pensions enable these retirement plans to deliver...

A new analysis indicates that Americans in nearly every state will fall far short in meeting their economic needs in retirement. The State Financial Security Scorecards research project gauges the retirement readiness of future retirees in each of the fifty states and the District of Columbia in...

The Financial Security Scorecard: A State-by-State Analysis of Economic Pressures Facing Future Retirees finds states fall short in key areas measuring retirement readiness.This new analysis gauges the relative performance of the fifty states and the District of Columbia in three key areas:...

This paper uses the Survey of Health, Ageing and Retirement in Europe (SHARE) to investigate the role of pension and social security institutions in shaping the European patterns of work and retirement. We provide evidence on the extent of quot;unused capacityquot; in labor force, on pathways to...

Although the labour market situation of older workers has significantly improved over time, opportunities to work at older age still vary considerably across EU countries. To trace diverging developments and to assess what works best in retaining employment and bringing older unemployed back to...

This paper studies the impact of raising the eligibility age of early retirement on the re-integration into the labor market of elderly unemployed workers. I exploit two Austrian pension reforms increasing the early retirement age step-wise for different quarter-of-birth cohorts. Empirical...

"In Germany, older unemployed people aged 58 or more years have been exempt from a fundamental principle of activating labour market policy until 2007: They have been entitled to unemployment benefit payments until taking up retirement pension without having to seek new employment (Section 428...