Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension reforms, particularly in the last decade.

Vi må tilbake til 50-tallet for å finne en så stor og grunnleggende strid som vi har nå, mener Fafo-leder Jon Hippe.

Danske pensjonsselskaper har investert 7,5 milliarder kroner i offentlig-private samarbeidsprosjekter de siste årene.

Even though in retirement and career theories reference is made to a preretirement work disengagement process among older workers, quantitative empirical knowledge about this process is limited.

Millions of workers will join a pension scheme for the first time as part of automatic enrolment, but for many this will not be an active decision. Most will rely on someone else to look after their interests and choose products which are built to deliver good member outcomes.

Americans’ retirement security increasingly depends on how much they save during their working years. One impediment to making good saving decisions may be a lack of knowledge on how saving translates into income in retirement. To address this issue, the U.S. Congress has considered whether to require 401(k) plans to project the value of a lifetime annuity that the participant could purchase at retirement given his current savings. By explicitly showing the connection between saving and income in retirement, the hope is that workers will generally make better saving decisions.

The identification of the empirical relevance of saving motives has created several problems to applied researchers in recent years. While there is theoretical consensus that a broad formulation of the intertemporal allocation problem allows the identification of three motives to save (Gourinchas and Parker 2001), it is far from clear what the empirical relevance is of these motives. It is very difficult to quantify the amount of savings that households are putting aside for retirement purposes specifically (such as retiring early or supplementing future pension benefits), as this type of saving is not in theory separable from other types.

A number of countries have introduced notional defined-contribution pensions as a replacement for public pensions of the defined-benefit type. Among OECD and EU countries, for example, these comprise Italy, Latvia, Poland and Sweden. There has been a great deal of interest in other countries in this approach to pension reform.

This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others.

This paper addresses two policy questions with respect to public defined benefit (DB) pension schemes: Firstly, does a funded DB pension scheme increase welfare? In other words: do the gains from intergenerational sharing of capital market risks outweigh the labour market distortions from pension schemes? Secondly, how large is the commitment problem of pension funds after an adverse capital market shock?