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. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment …At the end of working life, as well as reducing unemployment benefits, the unemployment-insurance agency could apply …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …
Persistent link: https://www.econbiz.de/10010821519
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
While much has been made of the value of employment relative to unemployment, much less is known about the value of … 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
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/10010738987
How does the retirement age affect the physical and mental health of seniors? We identify this effect based on the 1993 … potential influence of health on employment choices, we show that retirement improves physical and social health. The more …
Persistent link: https://www.econbiz.de/10010738995
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
. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment …At the end of working life, as well as reducing unemployment benefits, the unemployment-insurance agency could apply …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …
Persistent link: https://www.econbiz.de/10010775764
This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search … for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax …
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
The economic litterature on retirement argues that individuals in a couple tend to retire at a choice time because of … upon retiring. Exploiting the law on early retirement age in France, we use a regression discontinuity approach to identify … the causal effect of retirement on hours of leisure, separate and together, of the man and woman in a couple. We use a …
Persistent link: https://www.econbiz.de/10011025656