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context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …
Persistent link: https://www.econbiz.de/10013118526
This paper investigates the effects of retirement on various health outcomes. Data stem from the first three waves of … applied to identify causal effects. It is found that retirement significantly increases the risk of being diagnosed with a …. Estimates also indicate that retirement has quite diverse effects for different individuals …
Persistent link: https://www.econbiz.de/10013152381
regarded as an example of "active ageing". In this study, we examine whether retirement has a causal effect on the frequency of … pensions in an instrumental variable estimation to address potential confounding. We find that retirement increases the …
Persistent link: https://www.econbiz.de/10012836562
This paper studies the presence of hours constraints on the UK labor market and its effect on older workers labor supply, both at the extensive and the intensive margin. Using panel data for the period 1991-2004, the results from a competing risks model show that over-employed male workers can...
Persistent link: https://www.econbiz.de/10012776335
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
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 …
Persistent link: https://www.econbiz.de/10013058740
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
support changes around retirement. We also examine whether social support moderates dynamics in mental wellbeing around … retirement and consider both own and spouse's retirement. Using longitudinal data from Australia, we find little effect of own or … spouse's retirement on social support. However, in fixed-effects models, dynamics in mental wellbeing are significantly …
Persistent link: https://www.econbiz.de/10012829931
We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...
Persistent link: https://www.econbiz.de/10013325011
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