Showing 1 - 10 of 2,391
We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal … data from Germany on couples, we control for fixed household specific effects to address the concern that retirement … own retirement significantly increases the amounts of home production. There are negative cross-effects of retirement on …
Persistent link: https://www.econbiz.de/10011289980
scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …
Persistent link: https://www.econbiz.de/10011480809
transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult … exploit eligibility ages for early retirement for identification in a regression discontinuity design. The results show that … parent's early retirement significantly increases the probability of childbirth for adult children. However, parental …
Persistent link: https://www.econbiz.de/10012178365
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …
Persistent link: https://www.econbiz.de/10011994093
. It is likely that the individual level of wealth will become an increasingly important factor in the retirement decision … effect of wealth on the probability to retire (early). -- retirement ; life cycle models ; saving …
Persistent link: https://www.econbiz.de/10003355646
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. -- Unemployment insurance ; retirement …
Persistent link: https://www.econbiz.de/10003825176
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern …. A richer version of the model is calibrated to data from the Health and Retirement Study. The median change in …
Persistent link: https://www.econbiz.de/10003539347
As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10009536410
This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …
Persistent link: https://www.econbiz.de/10012405524