Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on...

This paper addresses possible changes in Dutch employers' behavior regarding the recruitment and retention of older workers during the last decade. We analyze surveys administered to Dutch employers in 2000, 2002, 2005, 2008 and 2009. The results show that efforts to recruit older workers are...

We show how the age profile of earnings, retirement rules and retirement behavior are tightly linked through the general equilibrium of the economy. Generous Social Security benefits financed by large Social Security taxes discourage human capital accumulation. In Social Security systems where...

Purpose: Our study investigates the role of managers in the re-employment of early retirees and asks what the effect is of managers' age norms and stereotypes on managers' employment decisions.Design/methodology/approach: A combination of a factorial study and a survey was conducted. First,...

Purpose: This paper examines employers' perceptions of changes of the labour cost-productivity gap due to the ageing of the workforce, the effects of tenure wages and employment protect ion on the perceived gap and whether a perceived labour cost-productivity gap affects employers' recruitment...

The share of the older workers in the labor force has increased due to population aging and pension reforms in many countries. However, rules of the public and private pension schemes and restrictions from the employers still require large populations of older workers with possibly heteregeneous...

This study examines the sensitivity of the retirement age decision to standard retirement ages in pension overviews (age anchors) with a self‐constructed survey. Individuals retire later when they are confronted with a higher age anchor. Specifically, their retirement age corresponds to the...

We provide an overview of the institutional framework in Belgium that is of relevance for labor market participation and retirement decision at older ages. We then describe key labor market indicators using data from the Labour Force Survey (LFS) over the period 1983‐2013 and also present...

Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer and that adjust pension systems such that if life expectancy increases without adjustments...

Flexible retirement - that is the opportunity to choose one’s own personal retirement age - serves as a hedge against pension risk and provides insurance to workers facing health or productivity shocks. Flexible retirement and flexible pension schemes are in practice closely linked because of...