Showing 1 - 10 of 78
This paper analyses how spouses in older couples react to `shocks' or `surprises' in their partner's labour income using data from the British Household Panel Survey, 1991-2004. Wives' labour supply proves to be much more sensitive to shocks than husbands'. After a divorce or separation, wives...
Persistent link: https://www.econbiz.de/10005404426
analysis shows that benefits and health status are the two most important determinants of retirement, with effects that are …
Persistent link: https://www.econbiz.de/10005404429
consequences for pension policy, with a dramatic reduction in the need for retirement savings and, particularly if accompanied by … work strongly in the direction of even shorter durations of retirement and longer durations of work. These new pressures … retirement years in large numbers, increasing the demand for older workers. On the supply side, there will be a large in increase …
Persistent link: https://www.econbiz.de/10009144509
Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we … document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of … actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in …
Persistent link: https://www.econbiz.de/10009368559
-durables significantly decreases at the time of retirement -- a finding that is inconsistent with the standard life-cycle model of … consumption if retirement is an anticipated event. This fall in expenditure has become known as the `retirement- consumption … fall in expenditures on groceries, food consumed at home and outside meals with retirement. The observed decline in …
Persistent link: https://www.econbiz.de/10008680618
Does retirement represent a state of relative prosperity or a time of unanticipated economic hardship? To assess … whether individuals are successful in smoothing their well-being across the transition to retirement we analyse measures of …-reported change in their standard of living, financial security, and overall happiness over the transition to retirement. It is found …
Persistent link: https://www.econbiz.de/10010551721
Identifying the effect of the financial incentives created by social security systems on the retirement behaviour of … retirement probability by approximately 10 percent. In addition, we find that the social security reform induced significant … funding retirement. …
Persistent link: https://www.econbiz.de/10010551722
This paper examines income inequality over stages of the later-life course (age 45 and older) and systems that can be used to mitigate this inequality. Two hypotheses are tested: (i) Levels of income inequality decline during old age because public benefits are more equally distributed than work...
Persistent link: https://www.econbiz.de/10005763271
retirement income. More precisely, this paper, which is based on two Statistics Canada surveys (Survey of Consumer Finances and … retirement income sources has been realized, while discerning five distinct categories: net government transfer payments, CPP … retirement income have become substantially more diversified and privatized during the period under study. These adjustments are …
Persistent link: https://www.econbiz.de/10005763321
This multimethod study investigated the effect of involuntary retirement on retirement income. Using the General Social …, and ultimately, in their retirement income, whether personal or household. The men who retired because of ill health did … retirement they were more likely to rely on government transfer payments as a major source of income. Like the men, they were …
Persistent link: https://www.econbiz.de/10005763379