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

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 …

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 …

choice to a work-retirement decision model and show that the optimal provision of choice is positively related to the degree …

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. …

endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …