This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future. …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …

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 …

dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. Comparison is made between the case when individuals have access to a competitive annuity market and the case of no insurance …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and … repercussion is that economic growth is lower under imperfect annuities than with perfect annuities. -- annuity markets … ; retirement ; endogenous growth ; overlapping generations ; demography …

This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of … retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

We study the influence of family members, neighbors and coworkers on retirement behavior. To estimate causal retirement …' retirement ages, and we use administrative data on the full Dutch population. We find large spillovers in couples, primarily due … to women reacting to their husband's retirement choices. Consistent with homophily in social interactions, the influence …

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts … retirement plans. Three major findings are derived in our study: First, we quantify the commitment effect of social security for … gains are only attainable if accounts are voluntary and not mandatory. -- individual retirement accounts ; annuities …

We study the short-, medium-, and long-run implications of stimulating annuity markets in a dynamic general …-equilibrium overlapping-generations model. We find that beneficial partial-equilibrium effects of stimulating annuity markets are counteracted … the stimulation of annuity markets. …