This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there … exist both defined benefit (DB) and defined contribution (DC) pension plans. The paper shows that giving individuals the … finds that it is preferable to let people make their retirement decision after rather than before the uncertainty is lifted …

from work in old age. Furthermore, we study the effects of the pension incentives and increasing retirement age on the … retirement to extend their work lives if deferring pension rights are made actuarially attractive or if pension accruals are made …The share of the older workers in the labor force has increased due to population aging and pension reforms in many …

-employed visa-vis wage employed workers. We find the self-employed to work longer hours, to be more flexible in their hours … incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective age when they exit from the labor market and start receiving pension benefits. Our quantitative analysis indicates … three central results: First, the previously implemented pension reductions are not able to stabilize long-run contribution …

of eligibility for retirement benefits, decreased the probability to die within five years by 2.5 percentage points …This paper identifies and estimates the impact of early retirement on the probability to die within five years, using … civil servants became eligible for retirement earlier than expected during a short time window. This exogenous policy change …

extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …

underlying parameters of the pension system and on worker characteristics. In the partial retirement scenarios these changes are … analyze the implications of late full retirement and partial retirement for the occupational and state pension entitlements …In this paper we use the actual rules and formulas of an occupational pension fund, the state pension fund and the tax …

that receiving pension benefits from the NRSPI can substantially increase the likelihood of retirement and decrease number …In 2009, the New Rural Social Pension Insurance program (NRSPI) was introduced and expanded to nationwide in 2012. This … paper investigates the effect of the NRSPI on the retirement and old-age labor supply pattern in China using a two …

This paper develops a pension product that is explicit about the pre-established goals that are aimed for. The proposed … desired standard of living in retirement with a likelihood that is ex-ante defined. In addition, the event of falling short of … safeguard a minimum standard of living in retirement. Given the contribution rate participants can afford to save, the set of …

Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we … document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of … actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in …