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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
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
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/10013316657
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
increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for … people to retire prematurely. To this end, countries have adopted alternative retirement age strategies, but our analyses … methods that underestimate life expectancy. This paper discusses how to implement automatic indexation of the retirement age …
Persistent link: https://www.econbiz.de/10013314670
retirement and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime …
Persistent link: https://www.econbiz.de/10010264176
the legal age of retirement in Switzerland, led to differences in approval rates of nearly seven percentage points. Based …
Persistent link: https://www.econbiz.de/10010264086
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010264592
The present paper aims to quantify the welfare effects of progressive pension arrangements in Germany. Starting from a purely contribution-related benefit system, we introduce basic allowances for contributions and a flat benefit fraction. Since our overlapping-generations model takes into...
Persistent link: https://www.econbiz.de/10010261350
We investigate the impact on pension take-up and labour supply of a broad Norwegian pension reform. Focussing on the long term impact, we use a structural discrete choice model estimated on data for first groups to become eligible for the new pension, accounting for the opportunity cost of...
Persistent link: https://www.econbiz.de/10012866558