This note looks at the treatment of wealth in the income and assets tests that comprise the Age Pension means test. We demonstrate how the tests interact, the extent to which different assets are treated equally and whether the income and assets tests interact effectively across the asset distribution.

This paper reports preliminary findings from the 2009-10 baseline data from the Attitudes to Ageing in Australia (AAA) survey. The questions were designed and the data then collected while Australia was adjusting to the impacts of the 2007 Global Financial Crisis (GFC) during the Rudd government. At that time there was relatively less government attention to restricting public expenditure related to ageing, and it was before the appointment of the Age Discrimination Commissioner in the Australian Human Rights Commission. This working paper reports findings related to intergenerational equity with comparisons between age, gender, and socio-economic groups.

Generalized unexpected raise in life expectancy is a source of aggregate risk. Longevity‐linked securities are a natural instrument to reallocate these risks by making them tradable in the financial market.

Using eight years of data drawn from the records of Australia's Centrelink agency, we describe the income, asset and decumulation patterns of over 10,000 age pensioners. Analysis of this longitudinal data set shows that age pensioners, on average, preserve both financial and residential wealth, consuming conservatively and, ultimately, passing on substantial bequests.

This paper explores the financial sustainibility of a typical U.S. state defined-benefit pension fund under the continuation of current policies and under alternative policies, such as alternative contribution, indexation and investment allocation policies

This study examines the sensitivity of the retirement age decision to standard retirement ages in pension overviews (age anchors) with a self‐constructed survey. Individuals retire later when they are confronted with a higher age anchor.

Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Yet these techniques been criticized as they make it difficult to assess insurers’ true financial status.

Existing longevity indices commonly use age-based mortality rates or period life expectancy. We propose an alternative cohort-based value index for insurers and pension funds to manage longevity risk. This index is an expected present value of a longevity linked cash flow valued using a specied cohort mortality model and a commonly used interest rate model.

Regjeringens forslag om å heve aldersgrensen i Arbeidsmiljøloven fra dagens 70 år til 72 år har utløst debatt i norsk arbeidsliv og blant politikerne om yrkesdeltakelsen blant nordmenn over 60 år. Meningene er svært delte mellom organisasjonene.