health deficits faster than workers from the second (high status) group. We instrument retirement by statutory retirement … ages (“normal” and “early”) and find that the health of workers in low status occupations benefits greatly from retirement …, whereas retirement effects for workers in high status occupations are small and frequently insignificant. We also find that …

This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future …

This paper studies the life-cycle effects of favorable marginal tax treatment of older workers on their optimal life … 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 …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of … prime-age workers in the presence of a tax benefit link, thereby creating a policy trade-off in stimulating aggregate labor … supply. We show how several popular reform scenarios are geared either towards young or old workers, or, indeed, both groups …

retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions …

The process of matching between firms and workers is an important mechanism in determining the distribution of wages …. In a labor market characterised by large dispersion of workers' productivity and worker-firm complementarity, high … quality firms have strong incentives to screen for the quality of workers. This process will increase the positive quality …

protection legislation (EPL) targeted towards older workers. Our results show no economically meaningful overall effects of the … EPL on employment or earnings of either men or women approaching eligibility. Considering separately incumbent workers and …

In this paper we study the effects on the survival rate in employment of a scheme that facilitates gradual retirement … (possibly selective) pathways to early retirement. We find that participation in the scheme initially prolongs employment, as … participants keep accumulating full pension rights. However, as participants become eligible for early retirement subsequently …