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 …

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 …

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 …

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

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 …

of leaving to early retirement. The wage is not affected …