We derive optimal characteristics of contribution rates into defined contribution pension
plans based on consumption-savings theory. Contribution rates should increase with age …

A social pension, regarded as a reliable source of income, has the potential to significantly
influence the overall wellbeing of vulnerable older adults. This study aimed to extend the …

Facing an ageing population and historical trends of low employment rates, pay-as-you-go
(PAYG) pension systems, currently in place in several European countries, imply very large …

In this paper, we explore the life cycle consumption-savings problem in a stylized model with
a risk-free investment opportunity, a tax-deferred retirement account, and deterministic labor …

1. Division of Labor Markets (SCL/LMK) of the Inter-American Development Bank (IDB). You
may direct your comments on this note to mbosch@ iadb. org. The authors are grateful for …

We show that requiring individuals to contribute a constant share of their labor income to a
retirement account increases loan-to-value ratios and typically defers homeownership. We …

We investigate the results of the Israeli pension reform that started at the beginning of 2016.
This reform created aged, adjusted pension plans that are aimed to fit better the different age …

This dissertation has used data from two Australian superannuation funds to explore how
behavioural biases influence decision making within retirement savings schemes. Overall …

Facing an ageing population and historical trends of low employment rates, pay-as-you-go
(PAYG) pension systems, currently in place in several European countries, imply very large …

Households allocate large portions of their income to illiquid durable goods and pension
plans. Governments often subsidise or mandate participation in the latter to ensure …