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This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers …. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 … empirical analysis suggest that this policy change reduced retirement by 19 percentage points among affected men and by 25 …
Persistent link: https://www.econbiz.de/10013121921
activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment … significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall …
Persistent link: https://www.econbiz.de/10012780624
The paper asks why retirement can be so abrupt in countries such as France (½% of the workforce over 65), yet staged in … little allowance for fair pension increases if retirement is deferred. While these laws have begun to change, we find another …
Persistent link: https://www.econbiz.de/10012764652
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
retirement incentives. Using matched pension system and establishment survey data, we estimate changes in part-time employment … and retirement after ATZ. We find the policy induced growth in part-time work for men and extended men's expected duration … of employment by 1.8 years. As the policy evolved to include an abrupt retirement option, the worklife gain for men fell …
Persistent link: https://www.econbiz.de/10013016227
Persistent link: https://www.econbiz.de/10013023760
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 …
Persistent link: https://www.econbiz.de/10012984833
Population ageing poses stark dilemmas for labour markets, social protection systems and cultural norms. It will put strong downward pressure on labour supply, leading to falling real incomes and huge financial pressures on social protection systems unless there is an offsetting increase in...
Persistent link: https://www.econbiz.de/10012919499
retirement decisions. We examine the effect of a reform extending long-term care (LTC) benefits (in the form of subsidies and … supports) in Spain after 2007 on caregiving spouse's early retirement intention. We subsequently examine the effect of … retirement reform among private sector workers in 2013. We document evidence of a 10pp reduction in the early retirement …
Persistent link: https://www.econbiz.de/10014083050
Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the …
Persistent link: https://www.econbiz.de/10013159341