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Given the prevalence of informal labor, most countries have combined contributory social insurance programs (pensions, unemployment benefits, and health insurance), with non-contributory insurance programs and several types of "safety nets." All of these programs involve different types of...
Persistent link: https://www.econbiz.de/10012833862
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/10013106958
Phased retirement has been discussed as a means for increasing labour supply for people of older active age. The idea … is that instead of leaving a full-time job early for full-time retirement, an employee should reduce the working time … influence the decision to take up a part-time pension and continue working at the same work place at reduced hours. We do this …
Persistent link: https://www.econbiz.de/10013158057
We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health … consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted …
Persistent link: https://www.econbiz.de/10012833252
completely different work incentives from age 62. The reform removed a strict retirement earnings test such that pension wealth …We provide empirical evidence that the removal of work disincentives embedded in retirement earnings tests can increase … based on a reform of the Norwegian early retirement program, which entailed that adjacent birth cohorts were exposed to …
Persistent link: https://www.econbiz.de/10012843153
out of unemployment because they become eligible to receive pension benefits. We use a unique dataset covering the … time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse … to receive pension benefits leads individuals 'wait' to fulfil these eligibility criteria …
Persistent link: https://www.econbiz.de/10012959037
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers …' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data … allows us to distinguish between pension claims and job exits. Using a Regression Kink Design, we estimate that, within a …
Persistent link: https://www.econbiz.de/10012984833
We compare two policies of increasing British state pension provision: (a) increase the pensionable age of men and … women, (b) maintain the existing retirement age but require older workers to work longer per-period hours. There are reasons …-off between later retirement versus increased work intensity, produce relevant background facts, and provide estimates of the …
Persistent link: https://www.econbiz.de/10013148323
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 … intensive margin responses. Our estimates imply that, on average, an extra euro of pension wealth in a given period reduces …
Persistent link: https://www.econbiz.de/10014356760
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10013061926