Showing 1 - 10 of 352
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
Persistent link: https://www.econbiz.de/10011514183
We investigate whether a cut in unemployment benefit payout periods affected older workers' labor market transitions. We apply rich administrative data and exploit a difference-indifferences approach. We compare the reference group of 40-44 year olds with constant benefit payout periods to older...
Persistent link: https://www.econbiz.de/10011929632
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in … individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is … strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and …
Persistent link: https://www.econbiz.de/10014251290
Most industrialized countries today are facing historical demographic changes, paring increasing retirement with a … this effect by exploiting variation in the pre-determined component of retirement. We find that a 10-point increase in the …
Persistent link: https://www.econbiz.de/10014322046
and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account … two contributions to the literature on the macroeconomics of population ageing. First we show that it is important to …
Persistent link: https://www.econbiz.de/10010528342
We study the impact of grandparental retirement decisions on family members' labor supply and child outcomes by …
Persistent link: https://www.econbiz.de/10013266034
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/10009535096
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 …
Persistent link: https://www.econbiz.de/10011406562
examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county …
Persistent link: https://www.econbiz.de/10012240402
We study how social security influences the retirement behavior of couples. First, we exploit over two decades of full …-population data and a discontinuity design to document sizable retirement spillovers to spouses when individuals reach pension … joint retirement, which is driven by older spouses working longer. Accounting for these age differences reveals a strong …
Persistent link: https://www.econbiz.de/10012597814