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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
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
and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic … programming model of retirement decisions. Finally, we use the estimated model to examine the labor supply and welfare …
Persistent link: https://www.econbiz.de/10013042987
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
countries. In the paper, we compare the labour market developments in four countries: Germany, Italy, Poland, and Sweden. There … and Sweden are in contrast with low levels of employment in Italy and Poland. In the latter two countries, there is also a …
Persistent link: https://www.econbiz.de/10012926703
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
retirement expectations. In June 2010, the Dutch government signed a new pension agreement with the employer and employee … the expected retirement age by 3.6 months for employees born between 1954 and 1959 and by 10.8 months for those born after … 1959. This increase is reflected in a clear shift in the retirement peak from age 65 to ages 66 and 67 for the respective …
Persistent link: https://www.econbiz.de/10013084679
pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation …
Persistent link: https://www.econbiz.de/10013155708
The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to … threefold increase in the legal minimum pension on labor supply and retirement behaviour at older ages. Applying difference … income effect that caused additional retirement of 30 to 47 percent. Additional evidence suggests that retirement incentives …
Persistent link: https://www.econbiz.de/10013148081
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation … pension regime on retirement decisions is affected by the presence of gaps in careers of women. Binding constraints related to …
Persistent link: https://www.econbiz.de/10013324794