is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …

We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative … voluntary and involuntary retirement. The effect of involuntary retirement is negative because the adverse effect on …

of leaving to early retirement. The wage is not affected …

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 …

We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on … significant effect of private wealth on planned early retirement … expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved …

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …

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 …

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 … practice decide if an application should be accepted or not. We find that both the effects on pension wealth of taking a part …

-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 …

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 …