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 …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

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 …

endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …

Several studies have documented a strong correlation in the timing of spouses' retirement decisions. However …, considerably less is known about the causal impact of one spouse's retirement incentives on the retirement decision of the other … husband's retirement behavior. I document a sharp decrease in pension benefit withdrawals among 63 year old wives in the local …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …

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 …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …