While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …

(MLTPA) laws on smoking behavior among young adults. Using data from the confidential version of National Longitudinal Survey … the MLTPA on several indicators of smoking among youth is minor and often insignificant. However, we also show that … granting legal access to cigarettes and tobacco products at the MLTPA leads to an increase in several indicators of smoking …

This paper investigates the impact of the public smoking ban which came into effect in Italy on January 2005 on … individual smoking behaviour. Current empirical evidence supports the existence of a negative effect of the Italian ban on … smoking prevalence and consumption in the general population. This is in contrast to what has been found in some other …

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 …

for consumption and the hours of time supplied to the labour market, they also choose their schooling level and retirement …

We study the effects of an annuity market imperfection on individual agents’ labour supply and retirement decisions and …

address this question in the context of a recent German pension reform which raised the statutory retirement age by two years … of work ability at retirement and fundamental opposition. Our results show that expected work ability declines …

retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …

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 …

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 …