While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …-FRA period. In a two-period two-sector overlapping generations model, I show that this shift lowers savings (because a part of …

myopia may justify public pensions but never alongside positive private savings. With sufficient myopia, co-existence of …

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …

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 … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …

The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly … systems - with a focus on retirement. The paper argues that such effects are non-negligible and are likely to have major … policy consequences. -- pensions ; retirement ; international migration ; social security coordination …

spending that typically shall be accompanied with a lower pension savings rate and a higher retirement age. Medical progress … approach enables us to investigate the interaction between health and retirement policy in order to quantitatively characterize …