Demography and Provisions for Retirement: The Pension Composition, an Equilibrium Approach

Myopia, pension payments and retirement: an experimental approach

The behavioral economics literature on time discounting has suggested that individuals may systematically undersave when planning for retirement. Hence, pension systems have developed to enable, or indeed force, individuals to save more for retirement. Of course, the saving aspect and the timing of retirement are connected, in the sense that the expected length of retirement determines what is ...

a benchmarking approach to optimal asset allocation for insurers and pension funds

uncertainty in the financial market will be driven by underlying brownian motions, while the assets are assumed to be general stochastic processes adapted to the filtration of the brownian motions. the goal of this study is to calculate the accumulated wealth in order to optimize the expected terminal value using a suitable utility function. this thesis introduced the lim-wong’s benchmark fun...

Provisions for old age. Income provisions and retirement

Research on the income situation of today’s and future retirees requires often record based data. Because of their accuracy in the life-course infomation they can also, if they are linked to survey data, make interviews shorter and less demanding for the interviewed persons. Process produced data from the pension fund are already available for these research topics. The data include details abo...

Pension Plan Provisions and Retirement: Men and Women, Medicare, and Models

Pension integration and retirement benefits

The issue of retiree income is important in a time of proposed Social Security reform. In 1996, for example, the shares of aggregate income for those aged 65 or older were, on average, 40.3 percent from Social Security, 18.5 percent from employer pensions, 20 percent from employment, and 21.1 percent from assets and other forms of income. Integration of pension income with Social Security incom...