Showing 1 - 10 of 19
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10005144537
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …
Persistent link: https://www.econbiz.de/10005144426
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 …
Persistent link: https://www.econbiz.de/10005144432
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different …
Persistent link: https://www.econbiz.de/10005136899
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 …
Persistent link: https://www.econbiz.de/10005136959
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 …
Persistent link: https://www.econbiz.de/10005137199
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 …
Persistent link: https://www.econbiz.de/10005137265
This paper investigates the age-dependency of participation and unemployment by integrating job search with intertemporal optimizing behavior of finitely-lived households. We find that search frictions and tax rates distort the decisions of older workers to a much larger extent than that of...
Persistent link: https://www.econbiz.de/10005137335
important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the …
Persistent link: https://www.econbiz.de/10005504893
rnarket status is expected to have a (reverse) causal effect on health. A solution to the 'Health and Retirement Nexus …
Persistent link: https://www.econbiz.de/10005450791