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 …

combine high-quality survey and administrative data. Our results suggest that partial or gradual retirement options offered by …

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

policy choice inevitably arises since a given social security system cannot be maintained by simply indexing retirement ages … longevity increases, the young generation contributes more, and the old generation faces lower benefits and a retirement age …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

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 …