Showing 1 - 10 of 53
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 …
Persistent link: https://www.econbiz.de/10011349213
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 … their retirement probability increases in a sizable way. We also find that the procedure to impute seniority used in …
Persistent link: https://www.econbiz.de/10011376456
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 …
Persistent link: https://www.econbiz.de/10011334338
This study investigates whether many people fear an unexpectedshock in their financial situation around retirement and … distribution of expectations andrealizations, suggest that individuals around retirement are overly pes-simistic and attach more …
Persistent link: https://www.econbiz.de/10011335229
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 …
Persistent link: https://www.econbiz.de/10011380941
Persistent link: https://www.econbiz.de/10010191307
the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …. We show that retirement expectations are in line with realizations and that the reform increased the labor supply for the …
Persistent link: https://www.econbiz.de/10012427616
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different …
Persistent link: https://www.econbiz.de/10011350363
We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … and a broader definition of retirement including inactivity, while controlling for unobserved heterogeneity. We find that …
Persistent link: https://www.econbiz.de/10011377097
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 the three systems we will call the pension composition....
Persistent link: https://www.econbiz.de/10011870742