March 2019

Early Access to Pension Savings : International Experience and Lessons Learnt

By Fiona Stewart, Himanshi Jain & Will Sandbrook The objectives of a well-designed pension system are poverty reduction in old age and income smoothing throughout an individuals' lifetime. Over the last thirty years, changing demographic trends have caused a shift from 'pay as you go' and occupational defined benefit (DB) schemes - where the obligation for paying for retirement income is with the state and employers - to defined contribution (DC) schemes, where the obligation to save for retirement rests...

June 2018

Saving Preferences After Retirement

By Jennifer Alonso-García (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)), Hazel Bateman (UNSW - School of Actuarial Studies, Centre for Pensions and Superannuation), Johan Bonekamp (Tilburg University - Department of Econometrics & Operations Research), Arthur van Soest (Tilburg University) & Ralph Stevens (CPB Netherlands Bureau of Economic Policy Analysis; CEPAR) We investigate the importance of rational and psychological motives for choosing a saving and consumption trajectory after retirement. Using an online...