How can regulation in an era of personal responsibility aid people to make the optimal decisions about their future risks, savings, and retirement? This study aims to deepen our understanding of how different age groups process choices in relation to future risk planning in diverse decision-making environments.

Aim of this keynote is to develop a framework how to approch the design of pension policies as rationally as possible. The first step is to realize and accommodate endogenous adjustments. The second syep is to align the root causes of demographic change with corresponding reform steps which include but are not confined by pension reform. The third step is to separate the issues as best as possible to strengthen the political feasibility of refrom.

According to the projects made at the Finnish Centre for Pensions, the Government bill on the 2017 pension reform will lead to retirement at a later age and a higher employment rate. As working lives are extended, the pressure to increase the earnings-related pension contributions will be alleviated and the average pensions will rise.

Pensjonsreformen vil virke etter intensjonen på lengre sikt. Innsparingen i utgiftene til alderspensjon blir større jo mer levealderen øker: Den årlige besparelsen anslås å komme opp i 82 milliarder kroner i 2060.

President Obama signed a January memo officially launching his MyRA program to encourage saving by low-income and other Americans who lack a retirement plan through their employers.

Phased retirement involves reducing working time in the final years before retirement. The aim of phased retirement is to extend working careers and retain older workers who would otherwise opt for full early retirement. This article investigates the effect of offering phased retirement on early-retirement behaviour in Norway.

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern.

In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe.

The paper studies the impact from variations in unemployment on retirement among older workers. We integrate unemployment variations with early retirement programs and other pathways out of the labor force.

Many state and local governments have responded to challenges facing their pension plans by cutting benefits.  Will these cuts make it harder for state and local governments to recruit and retain high-quality workers?  To date, the answer has been difficult to obtain; most micro-level datasets contain information on the existence of pensions but not on pension generosity.