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We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents … were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A … the income and substitution effects of pensions as a function of the retirement age are substantial and larger than …
Persistent link: https://www.econbiz.de/10008555358
This paper analyzes the relationship between immigrants' retirement status and the prevalence of return migration from … conditions the probability of return migration is maximized at retirement. Reduced-form models of retirement status which control … countrymen, particularly amongst men. This link is strongest for those individuals who are at (or near) retirement age and among …
Persistent link: https://www.econbiz.de/10005822022
is expected to have a (reverse) causal effect on health. A solution to the ‘Health and Retirement Nexus’ requires an …
Persistent link: https://www.econbiz.de/10005822054
employed. Observed covariates including wages and retirement benefits help to explain these patterns, but unobserved …
Persistent link: https://www.econbiz.de/10005822123
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern …. A richer version of the model is calibrated to data from the Health and Retirement Study. The median change in …
Persistent link: https://www.econbiz.de/10005822183
retirement. The results remain robust when controlling for technological change and work commitment. …
Persistent link: https://www.econbiz.de/10005822253
left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …
Persistent link: https://www.econbiz.de/10005822369
permit an older full-time white-collar worker to take phased retirement. Phased retirement means that an older worker remains … in phased retirement, actual occurrences are evidently rare. A possible explanation is that employers limit opportunities … for phased retirement. The survey indicates that employers are often willing to permit phased retirement, but primarily as …
Persistent link: https://www.econbiz.de/10005822456
This paper uses a telephone survey of 950 employers to examine employer-side restrictions on phased retirement. Not …’s opportunity for phased retirement. The paper uses these data to first establish that employers are selective when offering … opportunities for phased retirement. It then examines what worker and job characteristics are particularly important in the …
Persistent link: https://www.econbiz.de/10005822563
The magnitude of the effect that health has on the retirement decision has long been studied. We examine the reverse … relationship, whether or not retirement has a direct impact on later-life health. In order to identify the causal relationship, we … use unexpected early retirement window offers to instrument for retirement behavior. They are legally required to be …
Persistent link: https://www.econbiz.de/10005822894