mortality process. Individual agents choose their optimal retirement age, taking into account the time- and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …

to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …We analyze the short and long run effects of demographic ageing—increased longevity and reduced fertility—on per … deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …

We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform … increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time … retirement at the previous NRA became possible at a benefit discount. Since the reform affected specific birth cohorts we can …

This paper presents new evidence on the effects of retirement benefits on labor force participation decisions. The … analysis is based on a mandated rule for employer-provided retirement benefits in Austria that creates discontinuities in the … incentives for workers to delay retirement. We present graphical evidence on labor supply responses and effective financial …

relevance of the labor demand component in retirement decisions, we consider a trade liberalization between Switzerland and the … early retirement behavior in three periods (pre-liberalization, announcement, and implementation) for three groups of … retirement in MRA is not explained by more firms' exits, nor by more early retirement among the exiting firms. It is rather the …

combine high-quality survey and administrative data. Our results suggest that partial or gradual retirement options offered by … firms are an important tool to alleviate the negative effects of low labour market attachment of elderly workers in ageing …

mortality process. Individual agents choose their optimal retirement age, taking into account the time - and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … paper concludes with simulations for a number of OECD countries showing that the impact of projected ageing of the labour …

government have to carry an additional burden due to ageing. …