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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 …
Persistent link: https://www.econbiz.de/10013158057
-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
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 … completely different work incentives from age 62. The reform removed a strict retirement earnings test such that pension wealth …
Persistent link: https://www.econbiz.de/10012843153
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
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
place various labour market institutions that encourage early retirement, such as exceptional entitlements or looser …
Persistent link: https://www.econbiz.de/10013252375
By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age … are likely to affect the returns to investments in health-promoting behaviours before retirement, with consequences for … individual health. Using the exogenous variation in minimum retirement age induced by a sequence of Italian pension reforms …
Persistent link: https://www.econbiz.de/10012995602
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …
Persistent link: https://www.econbiz.de/10014084001
participation in the 60+ group. We analyze trends for the early retirement age interval 60-64 and for the age group 65-74 where … has been most pronounced among 60-64-year-olds and among women. We find significant impact on work after retirement from … education, gender, home ownership, aggregate unemployment at the time of retirement, age and education. Being married has a …
Persistent link: https://www.econbiz.de/10013106635
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