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Hochguertel, Stefan - Tinbergen Institute - 2010

This paper uses panel data from the pan-European SHARE survey to study labor market behavior of older male self-employed vis-a-vis wage employed workers. We find the self-employed to work longer hours, to be more flexible in their hours allocation, and to retire later in all countries. We relate...

Persistent link: https://www.econbiz.de/10008838648

Mapping the Minds of Retirement Planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - Tinbergen Institute - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10005144426

Retirement with Perfect Insurance

Kula, Grzegorz - Tinbergen Institute - 2003

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity follows geometric Brownian motion with drift, there exists such a level of productivity for which it is optimal to retire. The worker buys an insurance, which gives a constant...

Persistent link: https://www.econbiz.de/10005144432

Retirement Behaviour of Dutch Elderly Households: Diversity in Retirement Patterns across Different Household Types

Mastrogiacomo, Mauro; Alessie, Rob; Lindeboom, Maarten - Tinbergen Institute - 2002

This paper aims to assess the relative importance of differences in behavioural responses to financial incentives in explaining the observed variation in retirement behaviour across different types of households. We specify and estimate models for singles and married couples and estimate these...

Persistent link: https://www.econbiz.de/10005144439

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Institute - 2008

and effort choice (moral hazard). Partial insurance is available through voluntary unemployment insurance (UI). Additional … transitions to unemployment when insurance is a choice variable. We use administrative (register) panel data covering 10% of the … Danish population. We find that the insured are indeed more likely to transit into unemployment than the uninsured, once we …

Persistent link: https://www.econbiz.de/10005144470

The Sustainability of the Pay-as-you-go System with Falling Birth Rates

Praag, Bernard M.S. van; Cardoso, Pedro - Tinbergen Institute - 2002

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...

Persistent link: https://www.econbiz.de/10005144543

Early Retirement Behaviour in the Netherlands: Evidence from a Policy Reform

Euwals, Rob; Vuuren, Daniel J. van; Wolthoff, Ronald P. - Tinbergen Institute - 2006

In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...

Persistent link: https://www.econbiz.de/10005144577

The Impact of Wealth on Job Exit Rates of Elderly Workers

Bloemen, Hans G. - Tinbergen Institute - 2007

Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life and have a short residual working life. In the...

Persistent link: https://www.econbiz.de/10005136899

Health, Financial Incentives and Retirement in Spain

Erdogan-Ciftci, Esen; Doorslaer, Eddy Van; … - Tinbergen Institute - 2008

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are derived as changes in a composite health stock...

Persistent link: https://www.econbiz.de/10005136959

Early Retirement: The Impact of Changes in the Benefit Level

Nelissen, Jan H.M. - Tinbergen Institute - 2002

In the Netherlands a transition takes place from early retirement schemes, which are characterized by high implicit tax rates to schemes that have a higher degree of actuarial fairness. in this paper we look at the impact of this change at the labor participation rates of 55 to 65 years old...

Persistent link: https://www.econbiz.de/10005137184