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to compute pension benefits. This provides dynamic incentives to report higher earnings in the final years of the career …. In this paper, we document the responses of self-employed and employed workers to these incentives, using social security …-calculation window, combined with the discrete change in the probability of retirement at the minimum retirement age. We find that …
Persistent link: https://www.econbiz.de/10012180175
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/10010282251
incentives and information to improve the accuracy of employer reports can be an effective way to improve payroll-tax compliance. …
Persistent link: https://www.econbiz.de/10010329189
facilitate longer working lives. Given spouse preferences for joint retirement, creating incentives for women to retire later may …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 …
Persistent link: https://www.econbiz.de/10012658304
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/10009371185
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012207762
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010329012
review of the basic economic concepts to explain retirement, this paper surveys the incentives for early exit that are set by … changes already enacted. However, these measures are not sufficient to eliminate incentives for early retirement completely. …A substantial fraction of German workers effectively retires before reaching mandatory retirement age. Starting from a …
Persistent link: https://www.econbiz.de/10010262235
Phased retirement has been discussed as a means for increasing labour supply for people of older active age. The idea … is that instead of leaving a full-time job early for full-time retirement, an employee should reduce the working time …
Persistent link: https://www.econbiz.de/10010268943
employed. Observed covariates including wages and retirement benefits help to explain these patterns, but unobserved …
Persistent link: https://www.econbiz.de/10010262253