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 …

-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 …

future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …

is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly … state persistent for up to three years after the initial retirement decision and the state persistence of retirement is …

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 …

The magnitude of the effect that health has on the retirement decision has long been studied. We examine the reverse … relationship, whether or not retirement has a direct impact on later-life health. In order to identify the causal relationship, we … use unexpected early retirement window offers to instrument for retirement behavior. They are legally required to be …

Retirement ages among older Americans have only recently begun to increase after a precipitous fifty-year decline …. Early retirement may result from incentives provided by retirement systems; but it may also result from the rigidities …

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 …

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 …

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 …