The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age …. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper …'. Our simulations show that the early-retirement pension adjustment factors introduced by the 1992 pension reform will, in …

pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early … retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of …

the one hand and old-age labor force participation or early retirement on the other hand. We explore how both are linked … childhood environment and early retirement by analyzing the retirement behavior of cohorts born during World War I, a period of … harsh living conditions among the civilian population in Germany. Our data show higher early retirement rates among those …

Focal retirement ages are a central feature of Social Security programs around the world, and provide a potentially … powerful tool for policy makers who are interested in reforming retirement systems to address the growing funding shortfalls … retirement system in Finland, featuring a relabeling of retirement ages with modest and continuous changes in financial …

Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on … employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas … employer's perspective, we show that this "maximum benefit" calculation is costly. Average ex post retirement benefits are 54 …

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 …

the effect of social security on the early retirement decision. Toward this end, section 2 presents a brief description of … some previous studies of retirement behavior. While each in its own way has been suggestive, each also (including one by … the elderly, and three approaches to analyzing a given body of data. We then propose a new way of estimating retirement …

This study examines empirically whether social security influences the retirement decisions of individuals. The …'s income and substitution effects are included in a model for examining retirement decisions. This model is based on the model … from the Social Security Administration and are particularly well suited for this study. Retirement models are estimated …

Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the … but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong … change in the retirement age induced by the 1983 reform …