President Obama signed a January memo officially launching his MyRA program to encourage saving by low-income and other Americans who lack a retirement plan through their employers.

Phased retirement involves reducing working time in the final years before retirement. The aim of phased retirement is to extend working careers and retain older workers who would otherwise opt for full early retirement. This article investigates the effect of offering phased retirement on early-retirement behaviour in Norway.

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern.

In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe.

The paper studies the impact from variations in unemployment on retirement among older workers. We integrate unemployment variations with early retirement programs and other pathways out of the labor force.

Many state and local governments have responded to challenges facing their pension plans by cutting benefits.  Will these cuts make it harder for state and local governments to recruit and retain high-quality workers?  To date, the answer has been difficult to obtain; most micro-level datasets contain information on the existence of pensions but not on pension generosity.

We study whether the retirement replacement rate in uences households' saving behavior by using the RAND Health and Retirement Study data le. We estimate quantile regressions with the ratio of wealth to permanent income as dependent variable, and age dummies and the retirement replacement rate as main independent variables.

This paper provides a review of the Swedish National Pension Funds based on international good practice and OECD guidelines. The paper focuses mainly on the general size and structure of the funds, the investment framework and the governance of the funds.

This technical briefing note draws on the experience of running “Defined Ambition” style pension plans in the Netherlands. The recent experience of the Netherlands offers lessons for plans with similar risk-sharing or collective elements that could be established in the UK. 

Extending working lives was one of the key objectives of the so-called Lisbon strategy in 2000 and still is an integral part of the European Employment Strategy. It is also seen by successive Dutch cabinets as part of the answer to the ageing of the labor market and the challenge of keeping the social welfare state affordable. The prolongation of working life after retirement is one example of how this policy objective can be realized.

In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe.