Showing 1 - 10 of 97
The retirement decisions of spouses may be interdependent for various reasons: similarity of tastes, joint assets … studies exist on this topic. From a policy point of view interdependent retirement could become important if legislators in … different EC countries are forced to synchronize minimum retirement ages, which are lower now for females than males in a number …
Persistent link: https://www.econbiz.de/10005123559
on the key distinction between those in forced early retirement and those who retire early by individual choice. We start … by estimating a retirement probit model for older workers in Belgium. Based on these estimates, we then perform micro … respect to the time of retirement. We explore two scenarios, one where the entire population is subjected to the actuarial …
Persistent link: https://www.econbiz.de/10005123962
Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the …
Persistent link: https://www.econbiz.de/10005666455
This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … social welfare. Benefits depend on retirement age and on the (reported) health status. We determine first- and second …-best optimal benefit levels and retirement ages and focus on the distortions which may be induced in the individuals’ retirement …
Persistent link: https://www.econbiz.de/10005123923
Private pension provision faces the challenging task of providing stable income streams during retirement. The … illiquid capital, complementing public retirement provision, reducing the interest-rate sensitivity of pensions and smoothing …
Persistent link: https://www.econbiz.de/10011252616
This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers …. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 … empirical analysis suggest that this policy change reduced retirement by 19 percentage points among affected men and by 25 …
Persistent link: https://www.econbiz.de/10009275966
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social security (SS). In our model, agents are heterogeneous in age and income. Young generations confront promises made previously by older generations, and in turn choose current levels...
Persistent link: https://www.econbiz.de/10005123867
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...
Persistent link: https://www.econbiz.de/10005067559
We estimate the causal effect of early retirement on mortality for blue-collar workers. To overcome the problem of … any adverse effect early retirement onmortality for females. Death causes indicate a significantly higher incidence of …
Persistent link: https://www.econbiz.de/10008677238
When entering retirement most people face the decision whether they would like their defined contribution account …
Persistent link: https://www.econbiz.de/10011165648