Showing 1 - 10 of 27
In 1982, the French socialist government lead by Pierre Mauroy reduced the legal age of retirement for both men and … the Thomas Act that introduced retirement savings plan, but the law was never enforced because of the political change in …
Persistent link: https://www.econbiz.de/10008792028
retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the …
Persistent link: https://www.econbiz.de/10010820785
The French pattern of early transitions out of employment is basically explained by the low age at “normal” retirement … and by the importance of transitions through unemployment insurance and early-retirement schemes before access to normal … retirement. These routes have exempted French workers from massively relying on disability motives for early exits, contrarily to …
Persistent link: https://www.econbiz.de/10008805953
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
in the birth rate. Optimal pension and retirement age policies have been characterized in a dynamic framework. We have … considered a mixed pension scheme that is fully funded, but offers agents an actuarially fair choice on their retirement age. We …
Persistent link: https://www.econbiz.de/10010738510
This article investigates the latest developments in longevity risk modelling, and explores the key risk management challenges for both the financial and insurance industries. The article discusses key definitions that are crucial for the enhancement of the way longevity risk is understood;...
Persistent link: https://www.econbiz.de/10008791882
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
the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima … retirement age, unlike the ex ante egalitarian optimum. This result is robust to the introduction of unequal life expectancies … and unequal productivities. Hence, the postponement of the retirement age can, quite surprisingly, be defended on …
Persistent link: https://www.econbiz.de/10010738814
work relative to retirement. We here use two European panel datasets to first show that psychological well-being (measured …
Persistent link: https://www.econbiz.de/10010738821