Many of us associate old-age and retirement with vulnerability, both physical and economical. Even though the position of the group of elderly as a whole has improved considerably and is now no less than that of younger cohorts , poverty among elderly remains an issue worth of analyzing, also...

Possible future trends in the development of pension adequacy are usually simulated using dynamic microsimulation models. These models are very complex and include many different processes. This, and the many individual interactions, makes it difficult to see which procedures and relations...