Showing 1 - 10 of 192
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...
Persistent link: https://www.econbiz.de/10013106543
, and that the employment of young (30-years old) male workers increases. The distribution of wages by age is instead …
Persistent link: https://www.econbiz.de/10013000428
Home equity is the primary self-funding mechanism for long term services and supports (LTSS). Using data from the relevant waves of the Health and Retirement Study (1996-2010), we exploit the exogenous variation in the form of wealth shocks resulting from the value of housing assets, to examine...
Persistent link: https://www.econbiz.de/10012926994
The health status of people is a precious commodity and central to economic, socio-political, and environmental dimensions of any country. Yet it is often the missing statistic in all general statistics, demographics, and presentations about the portrait of immigrants and natives. In this paper...
Persistent link: https://www.econbiz.de/10012943173
employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime … lower re-employment probabilities as compared to prime-age workers but later they catch up. While among the young the …
Persistent link: https://www.econbiz.de/10012766902
We study the short-, medium-, and long-run implications of stimulating annuity markets in a dynamic general-equilibrium overlapping-generations model. We find that beneficial partial-equilibrium effects of stimulating annuity markets are counteracted by negative general-equilibrium...
Persistent link: https://www.econbiz.de/10013051616
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...
Persistent link: https://www.econbiz.de/10013058493
In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers … on the employment rate, working time and hourly wage. We estimate these effects by integrating Inverse Probability … small positive short-run impacts on working time and larger ones on the employment rate, but only for employees at high risk …
Persistent link: https://www.econbiz.de/10013023913
hazard of leaving employment among individuals who were working for pay at the age of 55-56. Using a probit model, we also …, regardless of whether it is under control, is associated with large negative effects on the likelihood of employment two years …
Persistent link: https://www.econbiz.de/10012994089
We study the political determination of the level of social long-term care insurance when voters also choose private insurance and saving amounts. Agents differ in income, probability of becoming dependent and of receiving family help. Social insurance redistributes across income and risk...
Persistent link: https://www.econbiz.de/10013077454