This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …

-employed vis-a-vis wage employed workers. We find the self-employed to work longer hours, to be more flexible in their hours … incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …

; when employees become eligible for pension benefits the change in financial incentives they experience is so high that …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 …

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

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension … increase in the capital-output ratio, while the pension system will shift to more funding. A fall in the population growth rate …

pension wealth, accrual and peak value are significant determinants of retirement decisions, although their effect is weaker … in determining retirement decisions. We also perform simulations of a recently enacted reform of pension incentives and …We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain …

effects are considerable not only for the resulting pension composition, but also for macro-economic variables as the wage …Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … fully funded occupational pension systems, and mandatory social security financed by pay-as-you-go. The specific mixture of …

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

The paper seeks to explain the huge cross country variation in private pension funding,shaped by historical choice made … when universal pension systems were created after theGreat Depression. According to Perotti and von Thadden (2006), large … reduces the stock of private retirement assets by 58% of GDP.While the sample size is limited, the results are robust to other …