Showing 1 - 10 of 124
As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10011279299
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/10008693844
After nearly a full century of decline, the Labor Force Participation Rate (LFPR) of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We use a time series of cross sections from 1962 to 2005 to model the LFPR of men aged 55-69, with the aim of...
Persistent link: https://www.econbiz.de/10005762086
first five waves of the Health and Retirement Study. We also provide model simulations for two widely discussed reform …
Persistent link: https://www.econbiz.de/10005703726
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals’ expected lifetime utility, whenever other taxes are...
Persistent link: https://www.econbiz.de/10005763479
Over the course of China's economic reforms, a pronounced divergence in the labor force participation patterns of rural and urban elders emerged – rural elders increased their rates of participation while urban elders reduced theirs. In this project, based on the data of the Chinese population...
Persistent link: https://www.econbiz.de/10010884100
In the scant literature on partners' joint retirement decisions one of the explanations for joint retirement is … externalities in leisure. In this study, we investigate how retirement affects the hours of leisure together of individuals in a … couple. Exploiting the law on retirement age in France, we use a regression discontinuity approach to identify the causal …
Persistent link: https://www.econbiz.de/10010884286
This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to … army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age … for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the …
Persistent link: https://www.econbiz.de/10010884323
employment between mandatory retirement age and full pension eligibility age, to estimate the causal effect of the husband …'s retirement on the wife's mental health. We find that adding one year to the time spent in retirement by Japanese husbands …
Persistent link: https://www.econbiz.de/10010884370
We explore the link between health indicators and employment rates of the population aged 55 or more. Our focus lies on work capacity as a key determinant of employment. Using cohort mortality information as a proxy for overall health outcomes, we establish a substantial untapped work capacity...
Persistent link: https://www.econbiz.de/10011274364