Introduction: Quality of life (QoL) is known to be one of the main challenges of the present century in the growing heterogeneous elder population. Therefore, determining the affecting factors of QoL among older people could be imperative. The present study aims at the comparative investigation of the QoL the old people covered by the various pension funds in the city of Tabriz, Iran.         ...

This paper analyzes the link between aging and saving starting from some stylized facts. Europe offers a wide spectrum of institutional arrangements in terms of pension systems and also very diverse financial and insurance markets. Recent changes, both in terms of pension reforms and in terms of market liberalization may provide explanations for the trends observed in household saving. While it...

This paper examines variation in old-age income inequality between industrialized nations with modern welfare systems. The analysis of income inequality across countries with different retirement income systems provides a perspective on public pension policy choices and designs within a country and their distributional implications. Because of the progressive nature of public pension programs, ...

Alternative pension schemes, particularly related to provisions on early retirement, might produce different effects on retirement behaviours, with important economic consequences. This paper presents new evidence on the effect of different seniority pension reforms, considering for the Italian case the evolution of an agent-based economy, with heterogeneous workers, whose retirement age depend...

Negative Reciprocity and Retrenched Pension Rights We document the importance of negatively reciprocal inclinations in labor relationships by showing that a retrenchment of pension rights, which is perceived as unfair, causes a larger reduction in job motivation the stronger workers’ negatively reciprocal inclinations are. We exploit unique matched survey and administrative data on male employe...

France, Germany and Italy, to take the three largest economies in continental Europe, have large and ailing pay-as-you-go public pension systems, very thin capital markets, and low capital performance. Taking Germany as an example, we show that these three issues are closely linked. Specifically, we argue that pension reform, via a change in portfolio composition of households and a strengtheni...

Purpose – This paper aims to describe China’s need for old-age pension coverage in its rural areas, to highlight the strengths and weaknesses of the new rural pension system currently being implemented, and to suggest some needed reforms. Design/methodology/approach – This paper’s analysis is based largely on evidence from Chinese government documents, newspaper reports, and research reports in...

BACKGROUND Human society has witnessed disasters and wars that left many consequences on families as well as social and individual life of the victims. OBJECTIVES In this research, we compared the psychological health and marital adjustment in Iranian employed veterans with veterans receiving disability pension. PATIENTS AND METHODS The study participants were all of the veterans of Isfahan...

This article, based on data from the Retirement History Study, examines coverage by an employee pension plan on the longest job and the extent to which covered workers received an employee pension upon retirement and the size of their benefits. It also examines the joint receipt of employee pension and OASDI benefits and the size of the combined benefits. Each of these pension variables is anal...

In the context of the aging population, the debt risk and solvency situation of China’s pension plan are of major concern for government and individuals. The aim of this paper is to project public pension liabilities and evaluate the solvency sustainability of China’s pension reform during transition periods. By using cohort component and actuarial models, transition debt and solvency sustainab...