At any given moment, about half of private sector workers are not covered by any employer-sponsored retirement plan. To close this coverage gap, 18 states are considering retirement savings initiatives.1 These efforts have been spurred by the lack of action at the federal level – which would be preferable to a patchwork of state plans – and the apparent inability of existing employer-sponsored plans to solve the problem. But the state initiatives are still at an early stage. To date, just two states – California and Connecticut – have completed “feasibility studies” to determine whether their initiatives can generate sufficient account balances and employer support to be successful.

Innskuddsordninger er den helt dominerende formen for tjenestepensjonsordning for ansatte i privat sektor. Det viser  Finans Norges markedsstatistikk for 2015.

We construct a multi-country employer-employee data to examine the consequences of employment protection. We identify the effects by comparing worker exit rates between units of the same firm that operate in two countries that have different seniority rules.

This paper contributes to the discussion about mandatory participation in collective funded pension schemes. It explores under what circumstances individual participants exercise the option to exit such scheme if participation is voluntary.

In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep seniority wage profiles as incentives for firms to dismiss older workers before retirement.

Finans Norge har fått viktige støttespillere på lag i sitt prosjekt for å bedre pensjonsspråket. Nå er prosjektet organisert, og har med representanter fra Forbrukerombudet, Finansforbundet, Språkrådet, Finansportalen og pensjonsselskapene.

Increasing individual working lives to counter population ageing and public pension deficits is of utmost interest to policy makers today. Because over 70 per cent of older individuals live in a couple, it is relevant to investigate spouses’ retirement strategies.

In this study we gauge the impact of social interactions on individual retirement preferences. A survey including self-assessments and vignette questions shows that individual preferences are affected by preferences and actual retirement behavior of the social environment.

This Paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of such reduction rates influence people’s retirement planning.