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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
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
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 …
Persistent link: https://www.econbiz.de/10013317087
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
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 …, 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
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 …
Persistent link: https://www.econbiz.de/10012919245
İmrohoroğlu, İmrohoroğlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the pay-as-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates...
Persistent link: https://www.econbiz.de/10013028781
consistent with the lower minimum age for early retirement applying to women …
Persistent link: https://www.econbiz.de/10012773812
1992-2010 Health and Retirement Study (HRS). We estimate a discrete time hazard model to test whether diabetes affects the … 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