Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …

This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This … Wise (2004), we find that financial incentives have an effect on retirement. The effect goes in the expected direction …; when employees become eligible for pension benefits the change in financial incentives they experience is so high that …

interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals …We present a theory of the relation between health and retirement that generates testable predictions regarding the … problems make older workers more responsive to financial incentives encouraging retirement (reinforcement proposition). We test …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … retirement. Unlike previous literature, we find that (i) financial incentives, when measured adequately, exert a greater impact … in determining retirement decisions. We also perform simulations of a recently enacted reform of pension incentives and …

incentives - motivate a worker by adopting leadership styles that differ in their non-monetary consequences for the worker's well …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …