Showing 1 - 10 of 32
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
incentives to sign insurance contracts stem from a UI-embedded, government-subsidized early retirement (ER) program, giving …
Persistent link: https://www.econbiz.de/10005144470
Using Italian data, we estimate an option value model to quantify the effect
Persistent link: https://www.econbiz.de/10008838550
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10008838648
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different … the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …
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 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
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
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
This paper explores the interaction between retirement flexibility and portfolio choice in an overlapping …-generations model of a closed economy. Retirement flexibility is often seen as a hedge against capital market risks which justifies more … risky asset portfolios. We show, however, that this positive relationship between risk taking and retirement flexibility is …
Persistent link: https://www.econbiz.de/10008867508