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Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …
Persistent link: https://www.econbiz.de/10014247944
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …
Persistent link: https://www.econbiz.de/10013537737
social security reforms. We further estimated the association of ITAX with an individual's decisions concerning retirement … forms on retirement based on the estimated regression parameters. The results showed that a higher ITAX drove individuals …
Persistent link: https://www.econbiz.de/10014322857
We examine the labor supply impact of a 2016 policy that allows retirement-eligible individuals covered by Peru …'s private pension system to receive retirement benefits as a lump sum rather than as an annuity. We present a theoretical model …) more attractive relative to informal employment (not requiring pension participation); it also encourages early retirement …
Persistent link: https://www.econbiz.de/10014528419
We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting …
Persistent link: https://www.econbiz.de/10013334402
We study a fundamental reform of the public Disability Insurance (DI) system in Germany. Effective 2001, cohorts born after 1960 are no longer eligible for "occupational DI." Occupational DI (ODI) implies benefit eligibility when health shocks prevent employees from working in their previous...
Persistent link: https://www.econbiz.de/10013477304
return on risky investments. The model also incorporates endogenous retirement and a realistic social security system … of an aging population (extending the age of retirement or cutting social security benefits) have similar magnitudes and …
Persistent link: https://www.econbiz.de/10013362004
such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from … career jobs to full retirement may contribute to pre- and post-retirement well-being. Previous investigations of retirement … pathways focused on the patterns and outcomes of retirement transitions, yet the influence of occupational licensing on …
Persistent link: https://www.econbiz.de/10014512146
, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We …
Persistent link: https://www.econbiz.de/10014576660