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Retirement ages among older Americans have only recently begun to increase after a precipitous fifty-year decline …. Early retirement may result from incentives provided by retirement systems; but it may also result from the rigidities …
Persistent link: https://www.econbiz.de/10012778540
family income before retirement across partners, as well as the survival likelihood of the partner and the number of years …
Persistent link: https://www.econbiz.de/10012862461
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10012996521
to offer individual retirement accounts, similar to defined contribution plans. How likely to participate are workers who …
Persistent link: https://www.econbiz.de/10013077328
We study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of … of labor in old age. Fertility should be taxed or incentivized depending on whether there is full or partial retirement …
Persistent link: https://www.econbiz.de/10014356045
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014356760
future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …
Persistent link: https://www.econbiz.de/10012859308
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/10012840452
-calculation window, combined with the discrete change in the probability of retirement at the minimum retirement age. We find that … retirement age, reaching a 3% increase on average. This is not the case for employees of large firms, where earnings …
Persistent link: https://www.econbiz.de/10012840954
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …
Persistent link: https://www.econbiz.de/10012843162