Showing 1 - 10 of 57
Persistent link: https://www.econbiz.de/10003739103
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
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
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …
Persistent link: https://www.econbiz.de/10011382043
This paper investigates the age-dependency of participation andunemployment by integrating job search with intertemporal optimizing behaviorof finitely-lived households. We find that search frictions and tax ratesdistort the decisions of older workers to a much larger extent than that ofyoung...
Persistent link: https://www.econbiz.de/10011333255
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
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
We estimate and explain the impact of early retirement of husbands on their wives ́probability to retire within one … approach in which the retirement choice of husbands is instrumented with eligibility rules for generous early retirement … benefits that were temporarily and unexpectedly available to them. We find that early retirement opportunities of husbands …
Persistent link: https://www.econbiz.de/10010484889
Persistent link: https://www.econbiz.de/10010191307