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This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...
Persistent link: https://www.econbiz.de/10010670799
How much retirement income is needed in order to maintain one’s living standard at old age? As it is difficult to find … replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …
Persistent link: https://www.econbiz.de/10010643338
to its effects on employee retirement. This is in contrast to the large literature on health-insurance-induced “job … administrative data on their retirement to identify the effects of retiree health insurance. As expected, the availability of retiree …
Persistent link: https://www.econbiz.de/10010877641
retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …
Persistent link: https://www.econbiz.de/10009224868
mortality process. Individual agents choose their optimal retirement age, taking into account the time- and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …
Persistent link: https://www.econbiz.de/10005094360
This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old age contingency, based on official data. The novel entry in the balance sheet, named “Contribution Asset” or “Hidden Asset”, is at the centre of the theoretical...
Persistent link: https://www.econbiz.de/10005405839
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …
Persistent link: https://www.econbiz.de/10005406381
retirement and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime …
Persistent link: https://www.econbiz.de/10005416505
identify non-employment-related scarring by examining the transition of unemployed people to retirement as a life event after …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …
Persistent link: https://www.econbiz.de/10010765497
The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly … systems ¨C with a focus on retirement. The paper argues that such effects are non©\negligible and are likely to have major …
Persistent link: https://www.econbiz.de/10010593132