The paper studies retirement behavior of wage?earners in Belgium – for the first time using rich survey data to explore retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the longitudinal nature of SHARELIFE, we construct measures of financial and non?financial incencentive.

This paper estimates a structured life cycle model of family retirement decision using a unique historical dataset back simulated from Living in Ireland survey.

The paper deals with the question of whether it is possible to combine the insights and recommendations of optimal individual lifecycle investing with the proven gains of defined benefit pension funds. These gains primarily stem from cost efficiency and (intergenerational) risk sharing.

For most people, during their working lifetime, tax payments have effectively been on “autopilot”. They have benefitted from being a part of the “Pay as You Earn” (PAYE) system. This has meant that a combination of HM Revenue & Customs (HMRC) and employers have ensured that on each pay day, an employee has paid broadly the right amount of tax. If a person has been a higher rate taxpayer the benefits of PAYE have still applied.

This paper models policy responses to changes in solvency by Dutch occupational pension funds using a unique panel dataset containing the balance sheets of all registered pension funds in the Netherlands over a period of 15 years (1993–2007). The model describes how nominal pension rights are expanded, by e.g. indexation or backservice, or, on the contrary, how the current pension accumulation is skimmed, e.g. by setting the pension premium over its actuarially fair price to build buffers.

The retirement decision is under researched in developing and emerging countries, despite the topic’s close relation to many development issues such as poverty reduction and social security, and despite the fact that population ageing will increasingly challenge the developing world.

This paper models policy responses to changes in solvency by Dutch occupational pension funds using a unique panel dataset containing the balance sheets of all registered pension funds in the Netherlands over a period of 15 years (1993–2007).

The sixth report in the PPI's Retirement Income and Assets series considers the implications for retirement income of Government policies to extend working lives. The research examines how much longer today’s over 50s in England in 2011 might need to work and save to meet target levels of retirement income. The report is the sixth in a series of research reports on retirement income and assets in the UK.

The Department for Work and Pensions (DWP) commissioned this review of international pension schemes and pension reform to draw together evidence, potential learning points and areas of distinction between the UK and comparator countries, to inform implementation of the Government’s workplace pension reforms.

“For the vast majority of people, annuitising is likely to remain the safest and most appropriate option for converting defined contribution pension savings into a retirement income” says Pensions Policy Institute report

In 2010 the vast majority of people aged between 55 and 75 would not have had a large enough private pension pot to be able to bear the investment and longevity risks associated with Capped Drawdown and would not have been able to meet the Government’s Minimum Income Requirement of having a secure pension income of £20,000 per year, according to new research
published today by the Pensions Policy Institute (PPI).

The research is the fifth report in the PPI’s retirement income and assets series, looking at the future of retirement income and assets in the UK. The report explores the implications of the Government’s new legislation that ends the effective requirement to purchase an annuity by age 75.

This paper provides a detailed chronological account of the governance-cum-management reform of National Pension Fund in Korea and analyzes its success factors, drawing lessons for other countries. A review of the current governance structures with the fund versus OECD guidelines and international good practice is also provided, along with suggestions for further reform.

Defined contribution plans are now the nation’s primary private retirement income program and repository of retirement savings.