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the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil …
Persistent link: https://www.econbiz.de/10013213091
Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the … private sector, about 65% of workers. In this regime are eligible for a full pension at 65, or between 60 and 65 if they … but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong …
Persistent link: https://www.econbiz.de/10013222061
Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income … security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no … find that these groups of retirees report very different levels of well-being in retirement …
Persistent link: https://www.econbiz.de/10012909863
I analyze the effects of state public pension parameters on the retirement of public employees. Using a panel data set … function of pension wealth at early and normal retirement eligibility and Social Security coverage in the public sector job. I … retirement decisions and reduce future pension costs may be most effective operating through plan eligibility rules and early …
Persistent link: https://www.econbiz.de/10012895009
Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the …
Persistent link: https://www.econbiz.de/10013130978
Governments around the world are reacting to extended lifespans and troubled pension finances by increasing the age of … retirement benefit entitlement. One concern that arises is how those who are not working before reaching entitlement age are able … to bridge their consumption to the age of entitlement. This paper studies those who retire before the age of full pension …
Persistent link: https://www.econbiz.de/10013106955
An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals … Retirement Study data, it does a better job of predicting claiming than previous versions. Alternative beliefs about the future … entitlement age, increasing the full retirement age, and eliminating the payroll tax for seniors. Predicted responses to …
Persistent link: https://www.econbiz.de/10013081500
Social Security benefits may be commenced at any time between ages 62 and 70. As individuals who claim later can, on average, expect to receive benefits for a shorter period, an actuarial adjustment is made to the monthly benefit to reflect the age at which benefits are claimed. In earlier work...
Persistent link: https://www.econbiz.de/10013090660
This study documents an important role for Social Security income in workers' retirement timing. About 40 percent of … Social Security on retirement timing by comparing covered and non-covered teachers. Using individual-level data from the … American Community Survey, we find robust evidence of higher rates of retirement among covered teachers at Social Security …
Persistent link: https://www.econbiz.de/10012906265
Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid … project document that social security program provisions can create powerful incentives for retirement that are strongly … affect retirement, whether there is a link between older employment and youth unemployment, and whether older individuals are …
Persistent link: https://www.econbiz.de/10012907741