In the new working paper, “The Unintended Consequences of Rebalancing,” the researchers explain that most institutional ...

Every year, the age limit for women increases by three months, and by 2030, full equalization of conditions for women and men ...

Here are the steps in Excel: To see how this all works, let’s look at an example. In Figure 1, I compare a lump-sum offer of $500K to the 100% joint survivor pension option, which is $25K a year.