2014

This report primarily examines part-time pension recipients who retired between the years 2005–2009. The report is based on register data, through which, for the first time, it is now possible to comprehensively take into account all earnings that accrue statutory pension.

Tax concessions are a common feature of private pension pillars around the world. Most countries exempt pension fund earnings from any taxation but tax either benefits (EET regime) or contributions (TEE regime) progressively as regular private income. By contrast, Australias superannuation taxation features concessional ?at tax rates on contributions and fund earnings, with benefits being generally tax free.

This paper analyzes an individual’s post retirement longevity risk management strategy allowing for systematic longevity risk, recent product innovations, and product loadings.

It is widely accepted that mortality risk varies across individuals within age-sex bands of a population. This heterogeneity exposes insurers to adverse selection if only the healthiest lives purchase annuities, so standard annuities are priced with a mortality table that assumes above-average longevity.

The public sector employs a large share of the labor force to execute important functions (e.g. regulation and public good provision) in an environment beset by severe agency problems. Attracting workers who are motivated to serve the public interest is important to mitigate these problems.

Den norske Forsikringsforening arrangerer 17. september en nordisk forsikringskonferanse i Oslo. Temaet er de demografiske utfordringene pensjonssystemene står overfor og fellestrekk og forskjeller i pensjonssystemene i de nordiske landene.

Flexible work arrangements and retirement options provide one solution for the challenges of unemployment and under employment, aging populations, and unsustainable public pension systems in welfare states around the world.

Unsustainable growth in program costs and beneficiaries, together with a growing recognition that even people with severe impairments can work, led to fundamental disability policy reforms in the Netherlands, Sweden, and Great Britain. In Australia, rapid growth in disability recipiency led to more modest reforms.

I Norge er nær ti prosent av befolkningen i yrkesaktiv alder uføretrygdet. Arbeidsuførhet varierer betydelig mellom yrkesgrupper, og vi trenger mer kunnskap om hvilke spesifikke arbeidsfaktorer som bidrar til dette.

This paper investigates empirically the fiscal and welfare trade-offs involved in designing a pension system when workers can avoid participation by working informally. A dynamic behavioral model captures a household’s labor supply, formal/informal sector choice and saving decisions under the rules of Chile’s canonical privatized pension system.

The “retirement saving puzzle” is a phenomenon in which many U.S. households have significant wealth late in life, contrary to the predictions of a simple life-cycle model. In this project, we examine cross-country differences in the saving behavior of retirees in order to weigh in on the discussion of the puzzle.

Heterogeneity in mortality rates is known to exist in populations, undermining the use of age and sex as the only rating factors for life insurance and annuity products. Life insurers underwrite life products using a variety of rating factors to allow for this heterogeneity.