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Natural experiments provide explicit and robust identifying assumptions for the estimation of treatment effects. Yet their use for policy design is often limited by the difficulty in extrapolating on the basis of reduced-form estimates of policy effects. On the contrary, structural models allow...
Persistent link: https://www.econbiz.de/10010933893
and by the importance of transitions through unemployment insurance and early-retirement schemes before access to normal … the situation that prevails in some other countries where normal ages are high, unemployment benefits low and early …
Persistent link: https://www.econbiz.de/10008805953
Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of South African potential students, depending on whether they get a loan or not to cover their...
Persistent link: https://www.econbiz.de/10010929086
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...
Persistent link: https://www.econbiz.de/10010635101
The economic litterature on retirement argues that individuals in a couple tend to retire at a choice time because of externalities in leisure. Ealier studies dit not investigate the extent to which partners actually spend more leisure time together upon retiring. Exploiting the law on early...
Persistent link: https://www.econbiz.de/10011025656
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife, thus distinguishing households in which the wife is a...
Persistent link: https://www.econbiz.de/10011025698
This article analyses the effect of job quality on pathways to productive activities of older workers in Europe. Using comparative panel data from SHARE, we analyse the medium term effects of working conditions of workers aged 50-64 on three participation outcomes (staying in employment,...
Persistent link: https://www.econbiz.de/10010635125
this measure: on job take-up rates, but also on post-unemployment outcomes, through various indicators of matching quality … show that the effects of this specific feature were rather scant. Regarding unemployment duration, only unemployed within a … used unemployment schemes as a bridge to early retirement. In addition, there is some evidence of detrimental effects on …
Persistent link: https://www.econbiz.de/10011025627
While the participation decision is discrete in a static context, i.e. to work or not to work, such is not the case in a life-cycle context where workers choose the fraction of their lifetime that they spend working. In this paper, I therefore characterize the optimal redistribution policy in a...
Persistent link: https://www.econbiz.de/10009368490
In this paper, the two-period OLG model has been modified to distinguish the effects of individual ageing from changes 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,...
Persistent link: https://www.econbiz.de/10010738510