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

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 …

This paper investigates the relation between human capital andretirement when the age of retirement is endogenous. This … relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human … human capital results in a lower life-timeincome, but also in a lower price of an earlier 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 … their retirement probability increases in a sizable way. We also find that the procedure to impute seniority used in …

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 …