This paper investigates the age-dependency of participation and unemployment by integrating job search with … older workers to a much larger extent than that of young workers. This finding provides an explanation of the observed fall … of participation rates of elder workers as a result of the post-war increase in tax rates and replacement rates. We show …

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 … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …

increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life … workers so far has concentrated on properties of the pension system and health status. For a sample of elderly male workers in …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … and a broader definition of retirement including inactivity, while controlling for unobserved heterogeneity. We find that …

This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This … Wise (2004), we find that financial incentives have an effect on retirement. The effect goes in the expected direction … their retirement probability increases in a sizable way. We also find that the procedure to impute seniority used in …

This study investigates whether many people fear an unexpected shock in their financial situation around retirement and … conditional distribution of expectations and realizations, suggest that individuals around retirement are overly pes- simistic and …

workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the …

This paper aims to exp1ore the interre1ation between hea1th and work decisions of e1der1y workers, taking the various … rnarket status is expected to have a (reverse) causal effect on health. A solution to the 'Health and Retirement Nexus …