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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
-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
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
assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male ….We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …
Persistent link: https://www.econbiz.de/10012915326
retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more than … half of women appear to be making standard retirement plans. At the same time, more than one in five individuals seem to … have delayed their retirement planning and approximately one in ten either do not know when they expect to retire or expect …
Persistent link: https://www.econbiz.de/10014054598
This paper investigates whether employers can induce employees to postpone retirement by offering access to training … include detailed information on a wide range of HR practices applied in the organization, as well as the expected retirement … employee expected retirement age, irrespective of whether employees actually participate in training. We show that this …
Persistent link: https://www.econbiz.de/10013026872
Early retirement schemes and disability insurance in the Netherlands have both been reformed during the past decades …. The reforms have increased incentives to continue working and have decreased the substitution between early retirement and … rate of the elderly has increased. The concept of substitute pathways into retirement seems less relevant today as the …
Persistent link: https://www.econbiz.de/10013122969
This paper explores how extended unemployment insurance (UI) benefits targeted to older workers affect early retirement … entire early retirement system, which often includes extended UI and relaxed access to disability insurance (DI). We argue … that extended UI generates program complementarity (increased take-up of UI followed by DI and/or regular retirement …
Persistent link: https://www.econbiz.de/10013083366
By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age … are likely to affect the returns to investments in health-promoting behaviours before retirement, with consequences for … individual health. Using the exogenous variation in minimum retirement age induced by a sequence of Italian pension reforms …
Persistent link: https://www.econbiz.de/10012995602
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …
Persistent link: https://www.econbiz.de/10014084001