Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …

We investigate health and aging before and after retirement for specific occupational groups. We use five waves of the … Survey of Health, Aging, and Retirement in Europe (SHARE) and construct a frailty index for elderly men and women from 10 … health deficits faster than workers from the second (high status) group. We instrument retirement by statutory retirement …

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 …

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …

In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change … perfect control over the individuals' labor supply and retirement-decisions, the results show that a decrease in the standard … deviation of life-length leads to an increase in the optimal retirement age and vice versa, if the preferences for 'the number …

The traditional approach to flexible retirement (e.g. NDC) neglects the impact of asymmetric information on actuarial … a redistributive second-best benefit-retirement-age schedule. Trying to combine the two approaches, the present paper …

Early retirement is usually explained as a supply-side phenomenon. However, early retirement can also be a demand …-side phenomenon arising from a firm's profit maximization behavior. This paper analyzes voluntary and involuntary early retirement … based on international microdata covering 19 industrialized countries. The results indicate that generous early retirement …

consistent with the lower minimum age for early retirement applying to women. …

examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county …