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We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting … Poland's switch from a Defined Benefit to a Notional Defined Contribution scheme for men born after 1948. Using the universe …
Persistent link: https://www.econbiz.de/10013334402
containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991-2012. The … effect towards later retirement through lower replacement levels, it also implied a lower price on leaving the labor market … measured by Social Security Wealth, defined at each hypothetical retirement age, and a variable measuring the implicit tax …
Persistent link: https://www.econbiz.de/10014421225
Security Programs and Retirement Around the World. The project was launched in the mid 1990s and was motivated by decades of … program provisions can create powerful incentives for retirement that are strongly correlated with the labor force behavior of … reforms of retirement incentives and employ micro-econometric methods in order to study whether the correlation between …
Persistent link: https://www.econbiz.de/10014447300
. In response to pension retrenchments implemented immediately, people close to retirement stay in the work force longer …
Persistent link: https://www.econbiz.de/10013334383
Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...
Persistent link: https://www.econbiz.de/10013462693
benefit generosity and increased the retirement age due to demographic pressures. This paper investigates whether these … mechanical effect, which keeps retirement probabilities constant and only considers changes in benefit calculation. The second … component is the behavioral effect, which describes how SSW differs because of altered retirement probabilities. Our findings …
Persistent link: https://www.econbiz.de/10015056120
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