In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland's 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between cohorts affected and unaffected by the reform.

The 26th wave of the Retirement Confidence Survey (RCS), the longest-running survey of its kind in the nation, finds that American workers’ confidence in their ability to afford a comfortable retirement has maintained its increase after the record lows experienced between 2009 and 2013. However, retiree confidence in their ability to afford a comfortable retirement continued to increase in 2016.

Pension policy reforms across the world in recent decades are a reaction to the changing demographic and socioeconomic environment. While pension scheme redesign has received much attention, the tax treatment of contributions, returns, and benefits of retirement savings remains mostly unattended and the taxation of internationally portable pensions is terra incognita for economists.

The National Retirement Risk Index (NRRI) measures the percentage of working-age households that are at risk of being unable to maintain their pre-retirement standard of living in retirement. It addresses one of the most compelling challenges facing the nation today: ensuring retirement security for an aging population.

The Under-pensioned 2016 is a report that explores differences in pension income over the last two decades and how these differences may change in the future. Previous PPI research concluded that women, disabled people and people from ethnic minority groups are more likely to have the characteristics associated with lower pension incomes. The 2016 report revisits the earlier work and explores how state and private pension incomes have changed for people from these groups as well as for carers and the self-employed.

Multiple state functional disability models do not generally include systematic trend and uncertainty. We develop and estimate a multi-state latent factor intensity model with transition and recovery rates depending on a stochastic frailty factor to capture trend and uncertainty. We estimate the model parameters using U.S. Health and Retirement Study (HRS) data between 1998 and 2012 with Monte Carlo maximum likelihood estimation method.

This report summarises the results obtained by Kudrna (2015) for the effects of hypothetical changes in the existing taper rate of the Age Pension income test.

Two trends in retirement wealth components are being observed in the Netherlands, specifically in pension and housing wealth. Pension wealth will become more risky due to the gradual evolution of 2nd pillar pensions from defined benefit plans towards collective and individual defined contribution plans. These changes in plan type implies pension risks have to be borne increasingly by individual plans participants. Net home wealth at retirement on the other hand will become less risky as recently interest-only mortgages are forbidden.

The paper motivates and describes the tax treatment of German retirement benefits and pensions after the 2005 reform initiated by the German Federal Constitutional Court. The main question is whether this reform has produced a "level playing field" among the many instruments generating retirement income in Germany. The paper briefly outlines rational principles for the taxation of retirement benefits and pensions and compares these with current practice in Germany and abroad.

This document is intended to provide a description of the UK pensions system for the purposes of considering pensions policy.This guide primarily reflects the current position of the UK pension system as at 24 June 2015.

Demographic, policy and market changes mean that in future, retirees will be living longer, entitled to state pension later, more likely to reach retirement with Defined Contribution (DC) savings, and experience flexibility of access to DC savings. Greater numbers of DC savers, coupled with flexibility, will increase the level of risk people with pension savings face at and during retirement.

This paper investigates whether individuals at the end of working life choose self-employment out of necessity and to what degree job search requirements for unemployment benefits induce people to become self-employed. For this purpose we analyze labor market transitions for people between the ages of 50 and 63 using a dynamic multinomial logit model with unobserved heterogeneity.