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Pension reforms that raise minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible … estimate the effects of local changes in the supply of workers aged between 50 and minimum retirement age on youth, prime age …
Persistent link: https://www.econbiz.de/10012957476
We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …
Persistent link: https://www.econbiz.de/10013135993
retirement expectations. In June 2010, the Dutch government signed a new pension agreement with the employer and employee … the expected retirement age by 3.6 months for employees born between 1954 and 1959 and by 10.8 months for those born after … 1959. This increase is reflected in a clear shift in the retirement peak from age 65 to ages 66 and 67 for the respective …
Persistent link: https://www.econbiz.de/10013084679
pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation …
Persistent link: https://www.econbiz.de/10013155708
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
Several reforms increased the state pension age (SPA) in the UK and equalised it to age 65 for both men and women. We use panel data and a difference-in-difference approach to comprehensively analyse the direct and indirect effects of these reforms, investigating mechanisms for indirect effects....
Persistent link: https://www.econbiz.de/10012825603
than they would have had otherwise. We argue that the rise in retirement age meant a negative shock to the supply of …-bearing years increases by about five percent the number of children. We show that the fertility effects of delayed retirement are …
Persistent link: https://www.econbiz.de/10013055892
and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic … programming model of retirement decisions. Finally, we use the estimated model to examine the labor supply and welfare …
Persistent link: https://www.econbiz.de/10013042987
The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to … threefold increase in the legal minimum pension on labor supply and retirement behaviour at older ages. Applying difference … income effect that caused additional retirement of 30 to 47 percent. Additional evidence suggests that retirement incentives …
Persistent link: https://www.econbiz.de/10013148081
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