Using 41 million observations on savings for the population of Denmark, we show that the
effects of retirement savings policies on wealth accumulation depend on whether they …

Central to the field of consumer finance is that consumers make financial decisions that do
not always coincide with the financial decisions ideally depicted in optimal economic …

The fact that individuals are living longer and thus spending more time in retirement
challenges the sustainability of pension systems. This has forced policy makers to rethink …

Standard mortgage contracts include periodic debt repayment plans (amortization
schedules) designed to build-up illiquid savings in the form of home equity, which can be …

A major aim of the recent updates of National Accounting standards (SNA2008 and
ESA2010) is to provide a more complete picture of households' wealth. In this course it will …

Extending working lives has been a key item on the political agenda in Denmark for at least
two decades now. This study details recent and prospective reforms to the voluntary early …

This paper focuses on the development of the funded, occupational pension (OP) system in
Denmark. Launched in 1987, as a grand agreement between social partners backed by the …

How should pensions be taxed? In many cases pension savings are usually taxed more
leniently than other forms of savings. What is the rationale for this? And are those concerns …

The world is witnessing an important increase in number of elderly people. This process is
accompanied by the increase of the proposition of working and retired population, which has …

The social security reform wave in the 1990s and the early 2000s responded to the rising
deficits of the public PAYG (pay-as-you-go) systems. Privatisation of social security was …