Cohort effects have been identified in many countries. However, some mortality models only consider the modelling and projection of age-period effects. Others, that incorporate cohort effects, do not consider cohort specific survival curves that are important for pricing and hedging purposes. In this paper, we consider modelling mortality development on a cohort basis, propose and assess a multi-cohort mortality model in an affine framework.

Det var knyttet større spenning til årets trygdedrøftinger enn vanlig etter at reguleringen ble forskriftsfestet fra 2011. Finansminister og Frp-leder Siv Jensen ga på Frp-landsmøtet i begynnelsen av mai arbeids- og pensjonsminister Robert Eriksson marsjordre for å hindre realinntektsnedgang for alderspensjonistene.

Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer and that adjust pension systems such that if life expectancy increases without adjustments in the retirement age, the pension income level decreases.

We model uncertainty of financial parameters and examine its impact on the replacement rate in a DC pension contract. To this end, we develop a novel Bayesian framework that reveals substantial reduction in the lower percentiles for the replacement rate at retirement.

This paper investigates whether employers can induce employees to postpone retirement by offering access to training courses that maintain job proficiency. We use unique, matched employer–employee surveys for the Dutch public sector, which include detailed information on a wide range of HR practices applied in the organization, as well as the expected retirement age of its employees.

Although a number of papers in the literature have shown the employment and wage differences between disabled and non-disabled individuals, not much is known about the potential employment and wage losses that disabled individuals suffer before being officially accepted into the disability insurance system (DI).

The Pensions Policy Institute has published, Supporting DC members with defaults and choices up to, into, and through retirement’,  is the first stage in a two stage research project that draws heavily on insights from new qualitative research with DC savers approaching retirement conducted by Ignition House, a research consultancy specialising in financial services.

The few studies that have attempted to identify the causal effects of retirement on mental health and well-being have provided conflicting evidence. Hence, whether retirement affects mental health positively or negatively is still unclear.

This paper identifies and estimates the impact of early retirement on the probability to die within five years, using administrative micro panel data covering the entire population of the Netherlands.

Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we document the evolution of retirement patterns over the last three decades.

Australia has an atypical retirement income system: it comprises a flat-rate, non-contributory, affluence-tested age pension, and a mandatory, defined contribution accumulation plan to which employers must contribute 9.25% (moving to 12%) of wages on behalf of their employees.