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pension scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform. …
Persistent link: https://www.econbiz.de/10011091857
This paper analyses the eeffects of ageing and child support in a model with endogenous fertility and Pay-As-You-Go (PAYG) pensions. First, we show that the endogeneity of fertility makes society vulnerable to both pessimistic beliefs and changes in life expectancy. In particular, we show that...
Persistent link: https://www.econbiz.de/10011091071
purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We investigate …
Persistent link: https://www.econbiz.de/10011092098
.The data are drawn from the new Survey of Health, Ageing and Retirement in Europe (SHARE).We examine the value added of …
Persistent link: https://www.econbiz.de/10011091418
are drawn from the new Survey of Health, Ageing and Retirement in Europe (SHARE).The empirical analysis shows that health …
Persistent link: https://www.econbiz.de/10011091842
Are retirement savings sufficient to finance a good pension income? This highly uncertain and subjective dimension of …
Persistent link: https://www.econbiz.de/10011092199
The effect that health has on the retirement decision has long been studied. We examine the reverse relationship …, whether retirement has a direct impact on later-life health. To identify the causal relationship, we use early retirement … window offers to instrument for retirement. We find no negative effects of early retirement on men’s health, and if anything …
Persistent link: https://www.econbiz.de/10011092471
five waves of the Health and Retirement Study.We also provide model simulations for two widely discussed reform proposals …
Persistent link: https://www.econbiz.de/10011092793
Abstract: Analyzing 30 OECD-countries in 1980-2005, this paper documents the effect of an aging electorate on pension expenditure. The first outcome is that an increase in the age of the median voter leads to less generous pension benefits. The second outcome is that an older median voter is not...
Persistent link: https://www.econbiz.de/10011091705
threats by offering short-time work, and by early retirement packages to older workers, in conjunction with buy-outs. The … retirement and buy-outs when downsizing, followed by working time reductions. Wage reductions and administrative dismissal are …
Persistent link: https://www.econbiz.de/10011091347