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European countries and now live elsewhere in Europe. We use the Survey of Health, Ageing and Retirement in Europe and apply …The Healthy Immigrant Paradox found in the literature by comparing the health of immigrants to that of natives in the …-origin framework, in which we compare the health of emigrants to that of their compatriots who stay in the country of origin. Isolating …
Persistent link: https://www.econbiz.de/10012822692
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …
Persistent link: https://www.econbiz.de/10010264263
deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10010274850
retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …
Persistent link: https://www.econbiz.de/10010277371
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
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in … individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is … strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and …
Persistent link: https://www.econbiz.de/10014358043
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …
Persistent link: https://www.econbiz.de/10012861376
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …
Persistent link: https://www.econbiz.de/10012842673
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 …
Persistent link: https://www.econbiz.de/10012892102
application to reference dependence exhibited in German workers’ retirement decisions. Both simulation and sufficient statistics … results suggest positive welfare effects of increasing the Normal Retirement Age, but ambiguous effects of financial … incentives to postpone retirement. Finally, we study how adopting alternative models of reference dependent preferences modifies …
Persistent link: https://www.econbiz.de/10014243670