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After nearly a full century of decline, the Labor Force Participation Rate (LFPR) of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We use a time series of cross sections from 1962 to 2005 to model the LFPR of men aged 55-69, with the aim of...
Persistent link: https://www.econbiz.de/10005762086
Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011931629
This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...
Persistent link: https://www.econbiz.de/10010271319
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout …
Persistent link: https://www.econbiz.de/10010278632
The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium life-cycle model with incomplete markets, private and public sectors, and risk-averse workers, and use it to (i) calculate three dimensions of...
Persistent link: https://www.econbiz.de/10012207723
It is a challenge for politics that an aging population leads to demands that the retirement age is increasing while … the labour market. However, the regulations have become more restrictive in the last decade and early retirement usually … leads to a lower pension. In this article, we map options for early retirement in other countries. We have found five main …
Persistent link: https://www.econbiz.de/10013351866
This paper documents the patterns and correlates of retirement in China using a nationally representative survey, the … China Health and Retirement Longitudinal Study (CHARLS). After documenting stark differences in retirement ages between … and that rural residents continue to work until advanced ages. Differences in access to generous pensions and economic …
Persistent link: https://www.econbiz.de/10012658304
This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to … army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age … for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the …
Persistent link: https://www.econbiz.de/10010377297
Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we … document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of … actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in …
Persistent link: https://www.econbiz.de/10010280715
receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and … 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 …
Persistent link: https://www.econbiz.de/10010282251