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We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …
Persistent link: https://www.econbiz.de/10010739135
This paper presents an overlapping generations model with altruistic consumers, in which pension funds, by holding a signi...cant share of capital assets, produce non competitive behavior. We study the consequences of such behavior on capital accumulation and welfare in the long run when...
Persistent link: https://www.econbiz.de/10010750386
Despite the multiplicity of research on the surge of the financial industry the world over, little is done to understand the national context shaping the objectives and designs of this economic sector. The overall image that emerges from the literature is that globalisation and liberalisation of...
Persistent link: https://www.econbiz.de/10010738728
instruments are not specifically designed for retirement purposes. There is thus a risk of insufficient saving at old-age. We …
Persistent link: https://www.econbiz.de/10008789204
The notion of transparency is widely used as an analytical tool and as a guideline to propose and enforce new configurations of economic life. Focusing on several transparency-making devices, this paper tries to explore both the pervasiveness of this notion and its ambivalence in a number of...
Persistent link: https://www.econbiz.de/10008792428
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10009647516
-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment … and retirement is welfare-improving thanks to the pension tax …
Persistent link: https://www.econbiz.de/10010750991
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10010899974
adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …
Persistent link: https://www.econbiz.de/10010784116
Earlier studies conclude that spouses time their retirement closely together. Here, we exploit early retirement age … legislation to identify the effect of own and spousal retirement on spouses' hours of work. The sample for the analysis includes … over 85000 French couples. We conclude that hours of work fall significantly upon own and partner's retirement, for both …
Persistent link: https://www.econbiz.de/10010635101