employed. Observed covariates including wages and retirement benefits help to explain these patterns, but unobserved …

, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …

propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

of the marginal actuarially fair incentives in case of postponed retirement. Social Security then faces a tradeoff … between giving enough incentives to make individuals actually delay retirement and giving little increase in pensions in order …. Furthermore, we analyze the interactions between wealth and retirement behavior. …

private pension wealth, and fewer years in retirement to draw upon their private pension resources. There have been changes …

into account distortions related to unemployment benefits and bargaining power shows the robustness of this result, in …

three reforms are designed to increase the retirement age by changing the incentive structure underlying the pension system …. The first increases the state pension age by three years. The second introduces an actuarial adjustment to retirement both … floor so as to mirror more closely the existing state pension scheme in the UK. Using a transition model of retirement, the …

current earnings than members of defined contribution pensions and that median expected private pension income in retirement … less likely to expect any inheritance. Hence we conclude that inequalities in different dimensions of retirement resources …

driven by earlier normal pension (retirement) ages. For workers of different ages in the two sectors, marginal accruals also …

the labor force and almost doubles the unemployment risk. The financial effects of health shocks are small on average and …