The Life-Cycle Decisions research unit investigates how life-cycle decisions of individuals, social and economic institutions combined with demographic change affect individuals and the economy. The unit conducts research on these topics by applying both microeconomic and macroeconomic perspectives. Examples of research topics of interest are: the study of savings, health and long-term care, labor force participation and retirement decisions complemented by research on inconsistent behavior over time. The analysis of this type of life-cycle behavior is then used to evaluate economic performance, changes in inequality and poverty gaps among people at old age and the (un)sustainability of pension systems in times of demographic change.