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and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …
Persistent link: https://www.econbiz.de/10010531841
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …
Persistent link: https://www.econbiz.de/10010266022
for consumption and the hours of time supplied to the labour market, they also choose their schooling level and retirement …
Persistent link: https://www.econbiz.de/10010291543
endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …
Persistent link: https://www.econbiz.de/10010264345
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10010315113
structure, and retirement. Our results reveal substantial heterogeneity on labor market effects and life decisions in response …
Persistent link: https://www.econbiz.de/10013177525
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014356483
retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …
Persistent link: https://www.econbiz.de/10013317100
cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of … a representative agent is divided into three distinct phases: pre-treatment, post-treatment, and retirement. Solutions … for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …
Persistent link: https://www.econbiz.de/10013235104
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility on carbon emissions accounting for the fact that...
Persistent link: https://www.econbiz.de/10011584922