This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … the early retirement option, the simulations indicate that a means test mitigates the moral hazard problem substantially. …

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … full pensionable age generates the largest responses in labor supply and retirement behavior. …

The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to … threefold increase in the legal minimum pension on labor supply and retirement behaviour at older ages. Applying difference … income effect that caused additional retirement of 30 to 47 percent. Additional evidence suggests that retirement incentives …

unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it … has been proposed to strengthen the link between retirement age and benefit level. The present paper is devoted to …-run contribution rate is an increasing function of the retirement age chosen by workers. Moreover, the implicit tax paid to the pension …