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This paper identifies and estimates the impact of early retirement on the probability to die within five years, using … civil servants became eligible for retirement earlier than expected during a short time window. This exogenous policy change … is used to instrument the retirement choice in a model that explains the probability to die within five years. Exploiting …
Persistent link: https://www.econbiz.de/10013076799
chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … 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 …
Persistent link: https://www.econbiz.de/10012870250
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/10013251539
, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective …
Persistent link: https://www.econbiz.de/10012823316
the attractiveness of his contracts as an important feature for equilibrium existence, thereby offering a new perspective …
Persistent link: https://www.econbiz.de/10012763924
Asymmetric information in the marriage market may cause adverse selection and delay marriage if partner quality is revealed over time. Sexual safety is an important but hidden partner attribute, especially in areas where HIV is endemic. A model of positive assortative matching with both...
Persistent link: https://www.econbiz.de/10012824993
We present robust evidence on the presence of adverse selection in hospitalization insurance for low-income households …. Bundling insurance policies at the household or higher levels almost eliminates adverse selection, thus mitigating its welfare … consequences and creating the possibility for sustainable insurance supply …
Persistent link: https://www.econbiz.de/10012912257
Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where employers face uncertainty about the productivity of job candidates. We examine theoretically and with laboratory experiments three key questions related to hiring via...
Persistent link: https://www.econbiz.de/10012870195
We show that the Roy model has more precise predictions about the self‐selection of migrants than previously realized. The same conditions that have been shown to result in positive or negative selection in terms of expected earnings also imply a stochastic dominance relationship between the...
Persistent link: https://www.econbiz.de/10013012835
consider a model of on-the-job search where firms offer promotion wage contracts to workers of different abilities, which is … contracts and hire all types of workers in equilibrium, whereas high-wage firms offer pooling contracts, promoting high …
Persistent link: https://www.econbiz.de/10013014031