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-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
time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse …
Persistent link: https://www.econbiz.de/10012959037
left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems …
Persistent link: https://www.econbiz.de/10012757644
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 … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …
Persistent link: https://www.econbiz.de/10012870250
We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal … data from Germany on couples, we control for fixed household specific effects to address the concern that retirement … own retirement significantly increases the amounts of home production. There are negative cross-effects of retirement on …
Persistent link: https://www.econbiz.de/10013016335
Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which … retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of … spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 …
Persistent link: https://www.econbiz.de/10012987699
retirement becomes shorter. At the median level of years to retirement, the absolute values of the elasticity of savings with …
Persistent link: https://www.econbiz.de/10012912788
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern …. A richer version of the model is calibrated to data from the Health and Retirement Study. The median change in …
Persistent link: https://www.econbiz.de/10014224349
We study an OLG model with child policies and a PAYG pension with endogenous retirement and fertility. The result of … of labor in old age. Fertility should be taxed or incentivized depending on whether there is full or partial retirement …
Persistent link: https://www.econbiz.de/10014356045
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 …
Persistent link: https://www.econbiz.de/10013129086