scholarly journals Addressing Longevity Heterogeneity in Pension Scheme Design and Reform

2016 ◽  
Author(s):  
Mercedes Ayuso ◽  
Jorge Miguel Bravo ◽  
Robert Holzmann
Keyword(s):  
Pension Scheme ◽  
Scheme Design ◽  
Pension Scheme Design

scholarly journals Addressing Longevity’ Heterogeneity in Pension Scheme Design

2017 ◽  
Vol 6 (1) ◽  
pp. 1-21 ◽  
Author(s):  
Mercedes Ayuso ◽  
◽  
Jorge Miguel Bravo ◽  
Robert Holzmann ◽  
◽  
...  
Keyword(s):  
Pension Scheme ◽  
Scheme Design ◽  
Pension Scheme Design

scholarly journals Understanding Default Behaviour in Workplace Pensions: Automatic Enrolment in the UK.

2019 ◽  
Vol 50 (1) ◽  
pp. 21-39 ◽  
Author(s):  
LYNNE ROBERTSON-ROSE
Keyword(s):  
Qualitative Interviews ◽  
Pension Scheme ◽  
Retirement Savings ◽  
Social Motives ◽  
Scheme Design ◽  
Pension Scheme Design ◽  
Anchoring Effects ◽  
Sociological Approaches ◽  
The Uk ◽  
Workplace Pensions

AbstractThis article examines the retirement savings behaviour of twenty-five 30-40 years olds automatically enrolled into a workplace pension scheme. Using qualitative interviews, the paper explores the interaction between savings motivation and willingness to adhere to, or deviate from, the pension scheme defaults. Integrating insights from different savings paradigms, including sociological approaches and behavioural economics, the paper highlights how social motives drove willingness to accept enrolment defaults. Participants’ reactions to the contribution defaults were motivated by a complex combination of factors including anchoring effects, the salience of ageing, and emotional responses such as pride, uncertainty and loss aversion. The author’s main premise is that greater attention needs to be given to the interaction between subjective feelings about saving for retirement and pension scheme design.

The Interaction Between State and Occupational Pension Schemes in the United Kingdom

1975 ◽  
Vol 35 ◽  
pp. 199-280
Author(s):  
W. B. McBride
Keyword(s):  
United Kingdom ◽  
Social Security ◽  
Point Of View ◽  
Pension Scheme ◽  
Occupational Pension ◽  
Scheme Design ◽  
The United Kingdom ◽  
Pension Schemes ◽  
Pension Scheme Design ◽  
The Social

SynopsisThe paper discusses the implications of the Social Security Pensions Act 1975 and associated Regulations for occupational pension scheme design and finance. Firstly, a general preface deals with currently topical matters. Secondly, integration of State and Occupational Schemes as practised up to the present time is described. Next, integration in future, whether contracted in or contracted out, is considered from the scheme design point of view, and some problems are mentioned. Finally, the financial background to the contracting-out conditions is described and some evaluation made of the terms available.

Optimal Model Reference Control Scheme Design for Nonlinear Strict-Feedback Systems

2020 ◽  
Vol 38 (9A) ◽  
pp. 1342-1351
Author(s):  
Musadaq A. Hadi ◽  
Hazem I. Ali
Keyword(s):  
Reference Model ◽  
Feedback System ◽  
Optimization Method ◽  
Feedback Systems ◽  
Model Reference ◽  
Scheme Design ◽  
Model Reference Control ◽  
Control Scheme ◽  
Lyapunov Stability Analysis ◽  
Strict Feedback

In this paper, a new design of the model reference control scheme is proposed in a class of nonlinear strict-feedback system. First, the system is analyzed using Lyapunov stability analysis. Next, a model reference is used to improve system performance. Then, the Integral Square Error (ISE) is considered as a cost function to drive the error between the reference model and the system to zero. After that, a powerful metaheuristic optimization method is used to optimize the parameters of the proposed controller. Finally, the results show that the proposed controller can effectively compensate for the strictly-feedback nonlinear system with more desirable performance.

Pension Reform in Russia: Assessing the Susceptibility of GDP Production to a Shift in the Number of the Working-Age Population

2019 ◽  
pp. 80-86
Author(s):  
T. P. Skufina ◽  
S. V. Baranov
Keyword(s):  
Pension Reform ◽  
Fixed Capital ◽  
Economic Effects ◽  
Pension Scheme ◽  
Retirement Age ◽  
Working Age ◽  
Working Age Population ◽  
Long Term Forecasting ◽  
The Impact

The presented study considers the susceptibility of gross domestic product (GDP) production to a shift in the number of the working-age population due to an increase in retirement age starting with 2019.Aim. The study aims to examine the quantitative assessments of GDP production in Russia with allowance for the changes in the number of the working-age population due to an increase in the actual retirement age.Tasks. The authors forecast the number of the working-age population with allowance for an increase in the retirement age; develop a model to establish a correlation between the number of the workingage population, investment in fixed capital, and GDP production; quantify the impact of the shift in the number of the working-age population on GDP production in Russia. Methods. This study is based on the results of modeling and long-term forecasting.Results. An economic-mathematical model to establish a correlation between the number of the working-age population, investment in fixed capital, and GDP production is presented. To specify the economic effects of a shift in the number of the working-age population due to an increase in the retirement age, Russia’s GDP production is forecasted for the “old” and “new” (increased retirement age) pension scheme. The forecast is provided for three variants of the number of the working-age population.Conclusions. It is found that with the “old” pension scheme with a lower retirement age GDP production across all three variants will decrease by 2036 compared to 2017. With regard to the “new” scheme that increases the retirement age, it is concluded that an increase in the retirement age is a factor that facilitates GDP production. However, its effect on economic growth will be insignificant.

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