Showing 1 - 10 of 184
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
participation in the 60+ group. We analyze trends for the early retirement age interval 60-64 and for the age group 65-74 where … has been most pronounced among 60-64-year-olds and among women. We find significant impact on work after retirement from … education, gender, home ownership, aggregate unemployment at the time of retirement, age and education. Being married has a …
Persistent link: https://www.econbiz.de/10011279364
This paper presents results on the effect of formal life-long learning on the decision to retire early. Specifically, I estimate an Option Value model based on individual employer-employee longitudinal data including comprehensive government co-sponsored training records dating back more than 30...
Persistent link: https://www.econbiz.de/10009646304
We look at the effect of the 2000 repeal of the earnings test above the normal retirement age (NRA) on retirement … expectations of male workers in the Health and Retirement Study (HRS). Using administrative records on Social Security benefit …
Persistent link: https://www.econbiz.de/10005703301
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
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
This study investigates the determinants of applications for U.S. disability benefits between 1986 and 1993 using a semiparametric discrete factor procedure separately for men and women. Approximating a dynamic optimization model, the estimation accounts for a variety of potential biases that...
Persistent link: https://www.econbiz.de/10005703042
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010713908
retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10011143941