This paper shows that increasing the normal retirement age and introducing pension deductions for retirement before … normal retirement age in Germany did not prolong employment of older men. The reason for this surprising result is that … employers encouraged their employees to use the bridge options unemployment or partial retirement instead of the early …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …

social preferences. In a single-period setting, only moderately altruistic leaders use praise as a motivation tool, whereas …

We analyze both theoretically and empirically how monetary incentives and information about others’ behavior affect …

This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search …

This paper studies the importance of incentives as a determinant of international trade flows. We argue that barter …