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shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able … to sustain their standard of living in retirement without higher pre-retirement saving. …
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There is economic pressure to postpone the retirement age, but employers are still reluctant to employ older workers …
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The extent of demographic changes in Europe is much more drastic than in the United States. This paper studies the effects of population aging on the interactions between economic growth and living standards in Europe with labor market and pension reform, behavioral adaptations, and...
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We present the first causal estimates of the effect of Social Security Disability Insurance benefit receipt on labor supply using all program applicants. We use administrative data to match applications to disability examiners and exploit variation in examiners' allowance rates as an instrument...
Persistent link: https://www.econbiz.de/10010815610
Using a local randomized experiment that arises from a sharp discontinuity in Disability Insurance (DI) policy in Norway, we provide transparent and credible identification of how financial incentives induce DI recipients to return to work. We find that many DI recipients have considerable...
Persistent link: https://www.econbiz.de/10010736779
. Health of the elderly has greatly improved, but disability stagnated after 2000. Retirement age reversed its decline in the … retirement savings and face additional risks including uncertainty about both public and private pensions and health insurance …
Persistent link: https://www.econbiz.de/10010773980