Showing 1 - 10 of 108
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 …
Persistent link: https://www.econbiz.de/10013106543
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 …
Persistent link: https://www.econbiz.de/10013000428
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 …
Persistent link: https://www.econbiz.de/10013058493
combine high-quality survey and administrative data. Our results suggest that partial or gradual retirement options offered by …
Persistent link: https://www.econbiz.de/10013078541
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/10013316388
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 …
Persistent link: https://www.econbiz.de/10010548566
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/10005051548
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 …
Persistent link: https://www.econbiz.de/10010739348
combine high-quality survey and administrative data. Our results suggest that partial or gradual retirement options offered by …
Persistent link: https://www.econbiz.de/10010681219
Persistent link: https://www.econbiz.de/10013023913