NDC (notional defined contribution) schemes are commonly believed to be the best kind of pay-as-you-go (PAYG) pension systems: actuarial equity and individual flexibility in accessing retirement are their main strengths. … Read more
A growing body of research has suggested that one way to preserve cognition in later-life is to delay retirement and continue to work into the later years. Irene Mosca and … Read more
Pay-as-you-go (PAYG) pension systems are frequent in OECD countries, usually in combination with some form of funding (OECD 2014, 2015), and they have been very extensively studied. But their reputation … Read more