The paper examines the long-term implications of various reform options on retirement entry decisions and the actual … retirement age of older workers. It focuses on the changes in pension legislation since 1992 and the reform options discussed by … early-retirement adjustment factors introduced by the 1992 pension reform will raise the average effective retirement age …

This paper investigates consumer expenditures of German households pre- and post-retirement. The widely observed … distinct drop in spending upon retirement entry poses an empirical puzzle since life cycle theory predicts smoothing of the … consumer expenses. Taking a combined look at consumer expenditures and time use pre and post-retirement, I find a significant …

In the study of the effects of retirement on the allocation of time, this paper discusses methods that evaluate …

This Paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current …’s retirement planning. First, when looking at administrative records, early retirement shows a high prevalence at the extensive and … survey is exploited where respondents are offered a hypothetical deal for early retirement if in turn they are willing to …