Delaying retirement in Spain

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Baby boomers in the United States: Factors associated with working longer and delaying retirement.

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Many people delay joining a pension plan until well into their working lives. We use a stochastic simulation model to show the cost of this delay in terms of the higher pension contributions that must eventually be paid to ensure an adequate retirement income. We find the levels of contributions required for individuals who start saving late are so high it is questionable whether they are affor...

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ژورنال

عنوان ژورنال: Review of Economic Dynamics

سال: 2009

ISSN: 1094-2025

DOI: 10.1016/j.red.2008.06.001