measures concur with changes in employment rates among older workers …

As much like other industrialized countries, in recent decades the employment rate in Germany for those aged 55 to 69 …". We find that for both men and women the increase in the employment rate coincides with a reduction in the early … retirement incentive. The reduction of incentives mainly stems from the introduction of actuarial deductions for early retirement …

Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the … the labor force participation of younger persons in twelve countries. We found no evidence that increasing the employment … of older persons will reduce the employment opportunities of youth and no evidence that increasing the employment of …

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in … from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a … structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about …

with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain the level of … retirement income projected in current Social Security law while avoiding a future increase in the payroll tax rate. The current … paper extends the earlier analysis in four ways: (1) We now specify that the funds deposited in the Personal Retirement …

examination of the potential magnitudes of such bequests and of their effect on retirement annuities and asset accumulation. The … most likely form of bequest, the preretirement bequest' made when employees die before normal retirement age, reduces the … funds available for post-retirement annuities by about 16 percent or, equivalently, requires a one-sixth increase in the …

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 …

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 …

This paper quantifies the effect of a policy-induced sharp increase in retirement ages on input mix and economic … show an increase in older workers leads to a precisely estimated rise in employment of younger workers, value added, and … total labor costs at constant labor productivity and unit labor costs. The findings suggest rising institutional retirement …

many people to enter partial retirement as would leave full-time work, so that total full-time equivalent (FTE) employment …This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral …. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our …