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The purpose of this article is twofold. First, we motivate the need for a new type of stand-alone retirement income insurance product that would help individuals protect against personal longevity ris...
We extend the lifecycle model (LCM) of consumption over a random horizon (a.k.a. the Yaari model) to a world in which (i.) the force of mortality obeys a diffusion process as opposed to being determin...
The.combination.of.such.factors.as.ageing.of.the.population,.rapidly.increasing.household.debt,.declining.personal.savings.rates.and.the.presence.of.elevated.uncertainty.in.the.global.economic.outlook...
This study explores the effects of human capital accumulation and segmental career trajectories on retirement income. Results indicate that human capital influences level of retirement income while se...
The article presents an analysis of the repercussions of the global financial crisis in terms of financial planning, focusing on the issue of retirement income planning. It is noted that the majority ...
My purpose in this essay is to document and analyze connections between the 1975 deregulation of the New York Stock Exchange (NYSE) and the passage of the Employee Retirement Income Security Act of 19...
When the husband works in the private sector in Norway the take-up rate of early retirement during the first twelve months after becoming eligible (once during 1993 and 1994) was around 40 percent. If...

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