address this question in the context of a recent German pension reform which raised the statutory retirement age by two years … of work ability at retirement and fundamental opposition. Our results show that expected work ability declines …

pension fund deficits do not increase. Workers can willingly postpone retirement in exchange for increased final salaries and …

scheme (“second pillar”) that will provide increasing amounts of supplementary pensions to those entering retirement in the … reforming the system, highlighting their potential impact on pension finances, public budgets, and retirement incomes …

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 …

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 …

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 …