The Improvement in Life Expectancy: Systematic Literature Review of Retirement Saving

Abstract

The motivations of this study are to analyse issues in the retirement-pension system and to overcome issues in retirement saving faced by households. The systematic literature review on retirement savings is able to provide clear insight, aiming to identify the implication from increased life expectancy on the household retirement savings from the individual's viewpoint and of the other stakeholders, next of kin, government and financial institutions. The literature review will be based on the studies published between 1975 to early 2019 in major database namely Scopus and Web of Science (WoS). The SLR uses the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) protocol. The concern about retirement savings has increased since the year 2000. This concern brought a number of researchers to study the relatedness and impact of life expectancy and retirement. From the 134 shortlisted articles, only four were published before 1990. The retirement issues focused on these systematic literature reviews are divided into two areas; the longevity risk of retirement plan and adequacy retirement saving.

Keywords: Retirement, SLR, Pension, Saving, Ageing

JEL Classification: G5, H310, J140